Prayon, a world leader in phosphate chemistry, will build a new factory and boost the company’s production of food grade sodium hexametaphosphate (SHMP). This project is part of Prayon's growth strategy in several sectors (food additives, water treatment, industrial applications), and it will support the group's development worldwide. 

To help brands keep food and drink fresh in a natural and sustainable way, Blue California announced jointly with biotech innovator Conagen, the commercialization of Rosavel®, a next generation natural preservation solution with 98% high-purity rosmarinic acid made by bioconversion without the color or flavor associated with rosemary.

The Firmament Group, a provider of tailored debt and equity capital solutions to small- and medium-sized enterprises (SMEs), announced an investment in Citrus Extracts, LLC.

Vita-Pakt Citrus Products Co., a global manufacturer of specialty citrus products for the juice, baking, dairy, retail, nutraceutical and food service industries, appointed Mark Reed as president and chief operating officer, effective May 1, 2020.

This expansion closely follows the previously announced 4,000 MT malic acid expansion completed in 2019, as well as the installation of a new 22,500 MT maleic anhydride reactor, which will also be operational by Q1 2021.

In conjunction with the completion of the transaction, Richard Hooper has been appointed CEO of Innophos, effective immediately. Hooper is an industry veteran with 40 years of specialty materials experience.

The offer price represents an 18% premium to the 30-trading day volume-weighted average closing share price of Innophos’ common stock ended Sept. 9, 2019, the last trading day prior to published market speculation regarding a potential transaction involving the company.

Featuring an expanded customer center and investor section, as well as responsive search capability, the new website is an important step forward in the company’s Vision 2022 journey.

The reactor will expand the company’s maleic anhydride capacity ahead of anticipated long-term growth in the global acidulants market. It further integrates Bartek’s upstream raw material production with its downstream finishing capacity.

Bartek’s investment in both its team and facilities reinforces its position as the leader in malic and fumaric acid globally and aligns with its mission to facilitate growth and increase global reach to better serve existing customers and markets while opening up new ones.