Trilantic Capital, a private-equity firm established last year by former principals of Lehman Brothers, will purchase a substantial minority interest in Fortitech, a leader in custom premixes for functional food and beverages. Fortitech has expansive global manufacturing operations in Kuala Lumpur, Malaysia; Campinas, Brazil; Schenectady, New York; as well as facilities in Canada, Europe and Mexico. The company has invested significant resources in recent years in global expansion to new markets such as Africa, Russia and Eastern Europe.
NBJ bottom line: Not only has the ghost of Lehman Brothers risen from the ashes of the financial meltdown, it's investing in nutrition. The real news here is less Trilantic, though, and the possibility of meaningful global growth for functional suppliers. NBJ checked in with Fortitech back in November 2009, when the company announced a strategic partnership with the Russian distributor KUK. "The consumer demand for fortified foods and beverages in Russia, as well as in the rest of Eastern Europe, is exploding," said Martin Austin, managing director/general manager of Fortitech Europe ApS. "Tapping into KUK's vast experience within these marketplaces and combining it with our expertise and capabilities in the field of nutrient premixes will enable us to grow our businesses exponentially." The investment from Trilantic would indicate that growth is still the order of the day, and the prospects of it actually happening remain bright.
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