09.01.06
Martek Signs License and Supply Agreements with General Mills & Hain Celestial
The current Jenny Craig management team will continue to run the business and report directly to Nestlé Nutrition. Weight management will thus form a new pillar of activity within the Nestlé group’s autonomous nutrition business, which already has a global presence in infant nutrition, healthcare nutrition and performance nutrition. This acquisition will also reinforce Nestlé Nutrition’s presence in the U.S., the world’s largest nutrition and weight management market.
Martek Biosciences Corp., Columbia, MD, has entered into a 15-year docosahexaenoic acid (DHA) license and supply agreement with General Mills, Inc. Minneapolis, MN. Under the terms of the agreement, General Mills may develop certain food products containing Martek DHA and must purchase, subject to certain exceptions, substantially all of its DHA needs from Martek for these products in the U.S. and other designated territories. There are no minimum
The current Jenny Craig management team will continue to run the business and report directly to Nestlé Nutrition. Weight management will thus form a new pillar of activity within the Nestlé group’s autonomous nutrition business, which already has a global presence in infant nutrition, healthcare nutrition and performance nutrition. This acquisition will also reinforce Nestlé Nutrition’s presence in the U.S., the world’s largest nutrition and weight management market.
Martek Biosciences Corp., Columbia, MD, has entered into a 15-year docosahexaenoic acid (DHA) license and supply agreement with General Mills, Inc. Minneapolis, MN. Under the terms of the agreement, General Mills may develop certain food products containing Martek DHA and must purchase, subject to certain exceptions, substantially all of its DHA needs from Martek for these products in the U.S. and other designated territories. There are no minimum