Fortitech Gains Investment

SCHENECTADY, N.Y.Fortitech Inc. will sell a substantial minority interest in the company to Trilantic Capital Partners, a New York-based global private equity firm; terms of the transaction were not disclosed. According to the companies, the investment will allow Fortitech, a producer of custom nutrient premixes for the food, beverage and nutrition industries, to drive its global growth initiatives while its existing shareholders retain managing interest.

Fortitech is the leader in its industry, with a strong competitive position, experienced management team and attractive growth characteristics," said Charlie Moore, partner at Trilantic Capital Partners. Our partnership with Fortitech complements our existing portfolio of businesses that serve consumer end markets and further highlights our focus on providing institutional capital to founder-run businesses. We look forward to partnering with this outstanding team, which is led by a true entrepreneur."

Added Walter S. Borisenok, president and co-founder of Fortitech, Trilantics investment provides us with the capital to help us realize our full growth potential and will support our continued expansion in global markets. Our partnership with Trilantic will allow us to enhance our leadership position in the fast-growing market for fortified and functional food, beverage and pharmaceutical products."