Martek-Fonterra agreement
This article was originally published in The Tan Sheet
Executive Summary
Martek Biosciences will provide its omega-3 formulations to Fonterra's Anmum Materna formula products in Asia, under a sole-source supply agreement announced Dec. 9. In addition to the deal with the New Zealand dairy co-operative, Martek said during its Dec. 17 fourth-quarter earnings call it will begin supplying life'sDHA to a large Asian food and beverage company, which has agreed to purchase more than $10 million worth of Martek ingredients over a 24-month period