Mark Reed to assume role as president and chief operating officer
May 1, 2020
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.
The addition of a second production line follows the 4,000 MT capacity expansion completed in 2019
March 12, 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.
Company enters definitive agreement to be purchased for $32 per share
October 21, 2019
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.
The purchase will expand the company’s maleic anhydride capacity
September 3, 2019
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.
Maker of malic and fumaric acid ingredients increases its global presence with addition of two industry leaders
March 22, 2019
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.
Global operator in malic and fumaric acid products completes first project in series of process and production improvements
February 21, 2019
The first in a series of capital investment projects to support its growing acidulants business, Bartek is expanding capacity and capabilities to allow for greater flexibility and support of its food, beverage, and confectionery; animal nutrition; and industrial customers.
The new, naturally derived preservative is not the first clean label mold inhibitor to reach the market, but it is the first to equal the performance of calcium propionate without adversely affecting product flavor.
Check out the May 2020 issue of Prepared Foods, featuring our cover story on sweetener blends and sugar reduction, the increasing reliance on natural gums and fibers, new fruit and vegetable offerings, and much more.