Functional ketchup?
This article was originally published in The Tan Sheet
Executive Summary
Heinz agreement to introduce DHA-, ARA-fortified infant formula in Australia, New Zealand gives Martek Biosciences an opportunity for future forays into functional foods market. H.J. Heinz subsidiary Heinz Wattie's Limited announces non-exclusive license agreement May 1 for use of Martek's DHA, ARA nutritional oil technology; the deal provides for initial cash payments and gives Martek an ongoing royalty once Heinz introduces fortified formula. Separately, Martek completes acquisition of OmegaTech April 25; DHA producer now is a wholly owned subsidiary of Martek and has become Martek Biosciences Boulder Corp. (1"The Tan Sheet" April 1, 2002, p. 3)...