GLG Looks to Asia
Vancouver -based GLG supplies Stevia, a natural, zero-calorie sweetener used in food and beverages.
Last year, GLG had formed a joint venture with China Agriculture and Healthy Foods Co for the sale and distribution of zero-calorie beverage and food products in the Asian country.
The new stevia formulation company, AN0C Stevia Solutions Co Ltd, will be headed by James Chen, who has over 30 years of consumer beverage and food formulation experience, particularly in Asian markets, GLG said in a statement.
The new company will be a fully owned unit of AN0C Hong Kong and will also be incorporated in Hong Kong.
From the July 27, 2011,Prepared Foods' Daily News.