LA MIRADA, Calif.--Aug. 28, 2003--The E.T. Horn Company, a leading distributor/supplier of specialty chemical and nutritional products, today announced that it is combining its Nutrition and Nutri Granulations groups into a single business unit to be known as the Nutraceutical Division. This new business unit is aimed at providing ingredients and solutions to the expanding global nutraceutical marketplace, its manufacturers, resellers and re-marketers.
According to a March 2003 report published by the Business Communications Company, Inc., during the five-year period 2002-2007, global nutraceutical sales are projected to grow at an average rate of 9.9% annually, reaching $74.7 billion by 2007.
"Since our founding in the early sixties, E.T. Horn's mission has been to help solve the complex problems faced by our customers when formulating products," commented Gene Alley, CEO of E.T. Horn. "By combining our Nutri Granulations and Nutritional product divisions into one focused group, E.T. Horn continues its tradition of offering the finest products, solutions and services to existing, new and emerging markets. We're tremendously excited about what the future holds for the nutraceuticals market," Alley added.
Kevin Salerno has been appointed to the newly created position of President of E.T. Horn's Nutraceutical Division. Previously, Mr. Salerno held the role of Vice President of Sales at Nutri Granulations, a privately held division of the employee-owned E.T. Horn Company.
The company also announced that its Nutrition Bar and Powdered Drink business units have been transferred to the Food Tech Group.
About E.T. Horn Company
The E.T. Horn Company is one of the West's largest distributors of raw materials and chemicals for use in coatings, building materials, elastomers, lubrication, nutrition, personal care, and food products. Founded in 1961, the company has focused on providing formulation solutions, superior customer service and technical expertise in distributing products from only the finest manufacturers. For additional information contact the company at 800-442-HORN or visit www.ethorn.com.