Strengthened Partnership Aims to Significantly Grow Lutein Usage Globally
Las Vegas, Nevada, United States (November 6, 2007) – 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 in Des Moines, Iowa, United States. Specific to the nutraceutical 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 over 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
DSM creates innovative products and services in life sciences and materials sciences, contributing to the quality of life. DSM’s products and services are used globally in a wide range of markets and applications, supporting a healthier, more sustainable and enjoyable way of living. End markets include human and animal nutrition and health, personal care, pharmaceuticals, automotive, coatings and paint, electrics & electronics, life protection and housing. The company strategy, 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, an increased presence in emerging economies and operational excellence. DSM has annual sales of almost EUR 9 billion and employs some 22,000 people worldwide. The company is headquartered in the Netherlands, with locations in Europe, Asia, the Americas, Africa and Australia. More information about DSM can be found at www.dsm.com
Kemin Contact: DSM Contact:
Kemin Health, L.C. DSM Nutritional Products
Andy Martin Charlotte Frederiksen
Tel. +1 515 697-4138 Tel. +41 (0) 61 688 85 14
Fax +1 515 248-4051 Fax +41 (0) 61 687 3716
E-mail: [email protected] E-mail: [email protected]
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.