Kemin Industries, Inc. and Kemin Health, L.C. (Kemin), creator of FloraGLO®
lutein the world’s leading lutein brand, and DSM Nutritional Products (DSM),
the premium supplier of vitamins, carotenoids and nutraceuticals, announced
today a strengthened strategic alliance to significantly grow lutein usage and
the eye health supplement category worldwide.
Under an existing agreement, DSM currently offers FloraGLO® brand lutein
products made with crystalline lutein supplied by Kemin. Under the terms of
the new global agreement, Kemin will supply FloraGLO® brand lutein exclusively
through DSM. DSM will commercialize globally FloraGLO® brand lutein products
through distributors and directly to customers in the dietary supplement, food
and beverage, and over-the-counter pharmaceutical industries.
“We are extremely excited about this long-term alliance. Lutein is
strategically important to both of our businesses, and we are committed to
significantly growing the global lutein market for years to come. We are
convinced our customers and consumers will benefit from the many synergies
that will result from Kemin and DSM working more closely together, especially
by leveraging Kemin’s expertise in the molecular knowledge of lutein and DSM’s
unique formulation technology,” said Rodney Ausich, President of Kemin Health.
“The collaboration leverages DSM’s global reach and broad product portfolio
with Kemin’s intellectual property, technical know-how and market development
expertise. Kemin and DSM believe that combining the strengths of both
companies will provide greater value to our customers and the marketplace,”
said Thomas Adler, Vice President of New Business Development at DSM
Nutritional Products.
FloraGLO® brand lutein is best known for its eye health benefits. FloraGLO®
brand lutein product, formulated by DSM, is being used by the National Eye
Institute in its widely anticipated Age-Related Eye Disease Study II to
evaluate the impact of purified lutein and other nutrients on age-related eye
disease.
About Kemin Health, L.C. and Kemin Industries, Inc.
Kemin Health is part of Kemin Industries, Inc., a privately-owned nutritional
ingredient marketer and manufacturer headquartered Inspired Molecular in Des
Moines, Iowa, United States. Specific to the nutraceutical Solutions™
industry, Kemin Health is credited with successfully commercializing lutein
and significantly developing the eye supplement category under the FloraGLO®
lutein brand. FloraGLO® lutein is the leading brand sold worldwide.
Founded in 1961, Kemin Industries provides health and nutritional solutions to
the Agrifoods, Food Ingredients, Pet Food and Human Health and Pharmaceutical
Industries. The company operates in more than 60 countries, serves a customer
base that impacts 80 percent of the global food production capability, and has
manufacturing facilities in Belgium, Brazil, China, India, Singapore, South
Africa, Thailand and the United States. Kemin Industries is devoted to
developing inspired customer-specific nutritional and health solutions by
leveraging its expertise in the science of biochemistry. The company’s vision
is to improve the quality of life by touching the lives of half the people in
the world every day through its products and services. For further company
information please visit www.kemin.com
About DSM Nutritional Products
DSM Nutritional Products is the world's leading supplier of vitamins,
carotenoids and other fine chemicals to the feed, food, pharmaceutical and
personal care industries. The business has sales of about EUR 2 billion and a
long tradition as a pioneer in the discovery of new products, new formulations
and attractive applications for all industry segments. For further company
information please visit
www.dsmnutritionalproducts.com
About DSM
DSM is active worldwide in nutritional and pharma ingredients, performance
materials and industrial chemicals. The company develops, produces and sells
innovative products and services that help improve the quality of life. DSM’s
products are used in a wide range of end-markets and applications, such as
human and animal nutrition and health, personal care, pharmaceuticals,
automotive and transport, coatings and paint, housing and electrics &
electronics (E&E). DSM’s strategy, named Vision 2010 – Building on Strengths,
focuses on accelerating profitable and innovative growth of the company’s
specialties portfolio. The key drivers of this strategy are market-driven
growth and innovation plus an increased presence in emerging economies. The
group has annual sales of over €8 billion and employs some 22,000 people
worldwide. DSM ranks among the global leaders in many of its fields. The
company is headquartered in the Netherlands, with locations in Europe, Asia,
Africa, Australia and the Americas. More information about DSM can be found at
www.dsm.com
For more information:
DSM Nutritional Products
Charlotte Frederiksen
Tel. +41 (0) 61 688 85 14
Fax +41 (0) 61 687 37 16
E-mail:
charlotte.frederiksen@dsm.com
Kemin Health, L.C
Andy Martin
Tel. +1 515 697-4138
Fax +1 515 248-4051
E-mail: andy.martin@kemin.com
Forward-looking statements
This press release contains forward-looking statements. These statements
are based on current expectations, estimates and projections of DSM management
and information currently available to the company. The statements involve
certain risks and uncertainties that are difficult to predict and therefore
DSM does not guarantee that its expectations will be realized. Furthermore,
DSM has no obligation to update the statements contained in this press release.