Kerry Group has announced a partnership with edible oils firm IOI Loders Croklaan, under which both companies will develop a product for the infant nutrition market.
The two firms have joined together to produce Betapol, a specialty lipid for infant nutrition.
According to a statement, the partnership will enable both companies to ‘reach global markets more effectively, and will stimulate joint developments to extend the Betapol portfolio for infant nutrition, and expand into other key nutrition market segments’.
Michael O’Neill, President of Kerry’s Nutrition Division commented, “IOI Loders Croklaan has a vertically integrated supply chain and is the world’s most experienced and trusted producer of OPO-type fats. Working together in this strategic partnership will deliver the same high quality ingredients with additional future product enhancement and global support.”
© 2015 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones
