Hunting for acquisitions
- Published: 23 July, 2007
Page 7
LycoRed is looking for potential acquisitions or joint venture opportunities in a bid to expand its carotenoid empire. Udi Alroy, vice president of global sales and marketing, said: "We are generating growth by broadening the range of applications for lycopene and encapsulated vitamins and minerals.
"However, we are also looking at acquisitions of ingredients companies or technologies- or applications-oriented businesses." Some of the most innovative applications of lycopene had been developed with smaller firms, which were less risk averse than the multinationals, said Alroy.
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