India signs cooperation agreement with World Food Programme for 2023-27
DSM, a manufacturer and marketer of nutritional ingredients and Taiyo Kagaku, a leading manufacturer of functional ingredients for the food, beverage and supplement industries have entered into a licensing deal effective July 1, which will transfer the entirety of the Teavigo brand EGCG (epigallocatechin gallate) business to Taiyo. Under terms of the deal, Taiyo will become the sole producer of Teavigo by the end of 2014.
Teavigo brand EGCG had previously been distributed under license by Pharmachem Laboratories in the dietary supplement segment and by DSM in the food and beverage segments. Under terms of the agreement the Japan based company, Taiyo will take responsibility for all customer segments, globally.
“DSM appreciates its historical relationship with Pharmachem on Teavigo and the great job they did in the dietary supplement segment,” said Will Black, VP Marketing, DSM Nutritional Products. “We are delighted that Taiyo has taken over the Teavigo business. Taiyo’s solid reputation, extensive product portfolio, knowledge of the market, and global reach make them a perfect fit for the Teavigo business.”