Valensa, Parry Further Partnership
November 26, 2008
CHENNAI, India & ORLANDO, Fla.—EID Parry, the parent company of Parry Nutraceuticals, acquired a 48 percent strategic stake in U.S. Nutraceuticals, dba Valensa International. The move will allow Parry to serve as a strategic sourcing partner for botanical materials and technology for new and existing Valensa ingredients in the omega-3, carotenoid and phytonutrient areas. Valensa’s president, Rudi Moerck, will head an expanded management team including execs from both companies.
Moerck said: “Parry Nutraceuticals shares Valensa International’s commitment to creating the highest-quality products based on the best available science for the condition-specific human health and nutrition market. Parry Nutraceuticals is one of the leading producers of ultra-high-quality raw materials including organic spirulina and carotenoids like beta carotene, astaxanthin, lutein and tomato lycopene. Our cooperative new product development work with Parry will allow us to accelerate our new product development efforts to deliver some of the most exciting new products to the market.”
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