Radient Technologies Inc. announced the formation of Natac Solutions, a 50/50 Joint Venture (the “JV”) with Grupo Natac S.L. (“Natac”).
The companies have entered into a binding letter of intent that will see a portion of Radient’s Health and Wellness Solutions business folded into the JV along with a portion of Natac’s existing business to form a global entity, named Natac Solutions, based in Madrid, Spain. Radient and Natac share a common focus in health & wellness initiatives with complementary skills, technologies and synergies to address unmet market needs. This combination will help drive innovation and global expansion for both companies.
Natac Solutions leverages Radient’s disruptive extraction and downstream technologies and Natac’s expertise with clinically validated natural ingredients. With offices and manufacturing in North and South America, Europe, and a growing presence in Asia, the Joint Venture is ready to take advantage of global trends, and create value for our stakeholders and consumers.
“We have found a partner who is equally committed to developing products that are based on sound scientific evidence who also has the ability and desire to grow its operations globally. Natac shares our dedication to innovation and high operating standards and we are extremely pleased to partner with them,” commented Denis Taschuk, CEO of Radient.
“We are extremely excited to partner with Radient in this joint venture.” said Antonio Delgado, CEO of Natac. “The management team that has been assembled is well respected across industries, and we know that this joint venture will be successful in generating new long-term partnerships with clients. The synergistic combination of industry talent and manufacturing expertise, supported with world class quality and science sets up the JV for immediate success.”
The newly formed Joint Venture, Natac Solutions, will immediately combine health and wellness initiatives from both companies, including research and development, sales and marketing, and manufacturing.