date:Aug 10, 2016
The Food Revolution Group, a health drink maker, will sell its New Zealand business and its bioactive intellectual property to Singaporean natural ingredients producer Gravity Solutions Global. It will also lease its LangTech Citrus assets and part of its Mill Park, Victoria, plant to GSG.
The whole deal, which also will give Food Revolution access to ingredients made by GSG, is worth $17 million. Food Revolution chief executive Bill Nikolovski said the deal will enable the company to focus on