Biotech firm AB-Biotics said it reached an agreement to sell its two-layered iron microencapsulation technology AB-Fortis to Frutarom Industries Ltd — one of the world’s 10 largest companies in the field of flavours and natural specialty fine ingredients.
Frutarom licensed AB-Fortis in 2012.
Yoni Glickman, President of Frutarom’s Natural Product Solutions Unit, said: “The acquisition of the AB-Fortis technology continues the fulfillment of Frutarom’s broad strategic drive to strengthen its position as a leading, innovative global supplier of natural specialty products and functional food components in the fields of taste and health.
“AB-Fortis’ unique micro-encapsulation technology expands Frutarom’s diverse product portfolio in the growing field of specialty health ingredients.
“Delivering iron supplementation in a bio-available and palatable manner is an important objective for many of our food and supplement customers and we continue to work with them closely to bring this and other innovative solutions that combine our core competencies in taste and health.”