LAYN USA Reaches Milestones For Cargills Truvia
April 2, 2013
NEWPORT BEACH, Calif.LAYN USA, a subsidiary of Guilin LAYN Natural Ingredients Corp., announced the parties have met the volume and revenue milestones set forth in its agreement with Cargill's Truvia® business for contract manufacturing Cargill's stevia leaf-based sweetener ingredients.
Under terms of the agreement initiated in November 2011, LAYN is Cargill's exclusive partner for contract manufacturing stevia ingredients in China for use in Truvia® sweetener ingredient and consumer products.
"The relationship has been a success and all agreement milestones were exceeded in 2012. The collaboration remains vibrant for 2013 and beyond," said Chris Tower, president of LAYN USA, Inc.
Commenting on the milestone, Scott Fabro, global business development manager for Cargill's health ingredients, said: LAYN continues to meet and deliver on Cargill's rigorous safety and quality requirements for production, allowing us to meet the standards of our largest multinational customers. This partnership supports Cargill's objective of providing a broad range of sweetener options for food and beverage makers and consumers globally."
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