Taiyo Kagaku acquisition of Wuxi Green Power brews global success
Minneapolis – Two of the global powerhouses in green tea innovation and processing technology have aligned, forming the world’s largest green tea extract manufacturer. Taiyo Green Power Co. Ltd. is the new corporate entity resulting from the acquisition of Wuxi Green Power Bio-Product Ltd. in Jiangsu Province, China by Taiyo Kagaku, Japan.
“Our successes in pioneering the development of green tea catechin extracts and the production of isomerically-pure L-theanine (Suntheanine®) over the past two decades are now magnified by acquiring Wuxi Green Power,” offered Dr. Lekh R. Juneja, Chairman of Taiyo Green Power and Executive Vice President of Taiyo Kagaku.
“The merger results in the formation of the world’s largest green tea extract manufacturer, with an annual capacity of 2,500 metric tons and the first and only pharmaceutical cGMP FDA certified facility to produce green tea extracts for the food, supplement and pharmaceutical industries, ” said Mr. Feng Gu, General Manager of Taiyo Green Power.
Taiyo Green Power has nominated Marco Hi-Tech, of New York City, as its exclusive sales and distribution agent to the dietary supplement market within the United States. “The partnership between Marco and Taiyo Green power enables us to deliver large volumes of green tea from a single cGMP factory,” stated David Garner, Executive Vice President of Marco Hi-Tech. “Together with U.S. division Taiyo International, Taiyo adds its high level filtration technology and progressive R&D innovations to the already growing Marco Green Tea story,”
The new entity will also maintain the exclusive Chinese license to the Procter & Gamble patented solvent-free green tea processing technology. Harnessing of this technology results in green tea extracts with superior sensory characteristics while maintaining a high concentration of polyphenol antioxidants. The license was originally granted to Wuxi Green Power and transfers over to Taiyo Green Power. Taiyo Green Power has re-appointed Amax NutraSource, Inc., City of Industry, California, as its exclusive distributor for the P&G product within the North American market.
“The intellectual capital and tea knowledge assets that result from this merger are robust,” added Dr. Juneja. “We intend to fully exploit this and accelerate our green tea innovations while providing an array of ultra high quality cGMP tea bioactives.”
Taiyo International is the North American sales office for Taiyo Kagaku Japan, a leading manufacturer of functional ingredients for the food, beverage and dietary supplement industries. Taiyo focuses on the development of innovative ingredients, derived from natural sources, to further develop the body’s ability to protect and manage one’s health.