RiceBran Technologies, a global leader in the production and marketing of value added products derived from rice bran announced an exclusive Distribution and Supply Agreement with Compson Trading Co. Ltd., a Taiwan based company specializing in the distribution of functional ingredients and nutritional supplements.
Under the terms of the Agreement, RiceBran Technologies will produce certain Stage II rice bran derivatives products for exclusive distribution by Compson into the nutritional supplement and functional food market in Taiwan and for non-exclusive distribution into certain neighboring geographies. The Stage II products covered by exclusivity for the Taiwan market are RBT's RiSolubles, RiFiber and RiBalance products.
Dr. Robert Smith, senior vice president of sales and business development for RiceBran Technologies, commented, "We are pleased to announce our distributorship with Compson to expand the sales of our rice bran derivative products into the Taiwan market. Compson is a recognized leader in the supply and distribution of functional ingredients and nutritional supplements in Taiwan and neighboring geographies. By combining our best-of-breed technology with Compson's product development expertise and established distribution capabilities, we expect to generate increased in sales and profitability for both companies."