Makhteshim Agan subsidiary LycoRed acquires Buckton Scott Nutrition in the U.S.A.
Makhteshim Agan announced that its subsidiary LycoRed has acquired the assets and business of Buckton Scott Nutrition, a subsidiary of Buckton Scott Group, Fairfield, N.J. The companies agreed not to disclose the details of the transaction.
Buckton Scott Nutrition business is focused in the dietary supplement ingredient market, where in the US alone the market value is estimated at 20B$. The acquisition of Buckton Scott Nutrition's leading range of dietary supplement ingredients expands LycoRed's group activities in this market where it already plays a major role as market leader with its flagship product, Lyc-O-Mato, natural tomato lycopene complex and other formulated carotenoids. In addition to its product line, Buckton Scott Nutrition brings to LycoRed its marketing capabilities into the America dietary supplement industry. LycoRed's group will also benefit from Buckton Scott Group's worldwide strong position in sourcing high quality nutritional raw materials.
The LycoRed Group does business in the U.S. as LycoRed Corp., a newly formed U.S. company, and a fully owned subsidiary of LycoRed Natural Products Industries, Ltd.
Other news from the department business & finance
