Nutraceutical and Organic advancers Evolve with Acquisitions and New Patent News: Company Completes Acquisition Aimed at Improving Gross Profit Margins
CORAL SPRINGS, Florida, January 7, 2014 /PRNewswire/ --
Advancement in Organic and Nutrition Products Forges Path for today's leaders: RiceBran Technologies (NASDAQ: RIBT), Herbalife Ltd (NYSE: HLF), Senomyx, Inc. (NASDAQ: SNMX), The Hain Celestial Group, Inc., (NASDAQ: HAIN), Whole Foods Market (NASDAQ: WFM) and Enzymotec Ltd. (NASDAQ: ENZY)
RiceBran Technologies (NASDAQ: RIBT), a global leader in the production and marketing of value added products derived from rice bran, today announced the completion of the acquisition of Irving, Texas-based H&N Distribution, Inc. ("H&N") effective January 2, 2014. H&N is a formulator and co-packer of healthy and natural products for the direct marketing, internet sales and retail distribution markets both domestically and internationally. H&N serves the natural products, nutritional supplement, and nutraceutical and functional food ("NFF") sectors. The acquisition and integration of H&N's product development and packaging capabilities is part of RBT's strategic plan to vertically integrate its business in order to leverage its proprietary and patented family of rice bran derivative ingredients. With this acquisition, RBT is now capable of providing a broad range of higher margin finished product solutions for customers in retail, direct-to-consumer and multi-level marketing channels. RBT sees the acquisition being immediately accretive to the Company.
To read the full press release, please click here: http://fnmprofiles.com/profiles-ribt.html
W. John Short, CEO & President of RBT commented "The acquisition of H&N is a transformational transaction for our Company in a number of ways. It will have the effect of immediately and significantly increasing revenues and improving gross profit margins in our USA Segment. In addition, this acquisition not only positions RBT to significantly increase sales in the high margin Nutraceutical and Functional Food market, it also brings a master formulator, consummate sales professional and experienced business manager to our senior team in Mark McKnight.
Herbalife Ltd (NYSE: HLF), a leading global nutrition company, recently won the 2013 "Healthy Nutrition" award in Russia at a ceremony opened by the director of the Institute of Nutrition of the Russian Academy of Medical Sciences. The following Herbalife products received top honors in the "Functional Food for an Urban Population" category: Formula 1 Nutritional Shake Mix, Formula 3 Personalized Protein Powder, Formula 1 Express Meal Bar, Protein Snack Bars, Active Fiber Complex and Tomato Soup.
Senomyx, Inc. (NASDAQ: SNMX) discovers, develops, and commercializes flavor ingredients for the packaged food, beverage, and ingredient supply industries using proprietary taste receptor-based assays and screening technologies. The company’s programs focus on the development of sweet, savory, and salt flavor ingredients; bitter blockers; and cooling agents. SNMX closed up slightly on Monday (01/06/14) at $5.20 per share on over 210,000 shares traded by the market close.
The Hain Celestial Group, Inc., (NASDAQ: HAIN) together with its subsidiaries, manufactures, markets, distributes, and sells organic and natural products. The company offers grocery products comprising infant formula, infant, toddler and kids foods, non-dairy beverages and frozen desserts, flour and baking mixes, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, granola and cereal bars, canned, chilled fresh, aseptic and instant soups, greek-style yogurt, chilis, packaged grains, chocolate, and nut butters. HAIN closed down slightly on Monday (01/06/14) at $89.75 per share on over 549,000 shares traded by the market close.
Whole Foods Market (NASDAQ: WFM) announced recently that its Local Producer Loan Program has reached the initial goal of funding $10 million in low-interest loans to local and independent food businesses, and has now committed up to $25 million in funding. The Local Producer Loan Program (LPLP) has provided 184 loans to 155 companies since its inception in 2007. In providing easier access to loans for budding food businesses, the program's first $10 million in funding has not only enabled growth, but also supported pioneering projects in biodynamic farming, non-GMO animal feed, pollinator health and sustainable packaging.
Enzymotec Ltd. (NASDAQ: ENZY), a developer, manufacturer and marketer of innovative bio-functional lipid ingredients, announced that it was granted a patent by the U.S. Patent and Trademark Office for a lipid preparation use method. The patent covers a method for enhancing dietary calcium absorption, bone formation, and bone mass maximization in non-infant children or adults, by administrating routinely a dietary supplement or food article that comprises the lipid preparation of the invention.
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SOURCE FN Media Group, LLC
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