E.I.D. Parry (India) has completed the acquisition of 100 per cent of the voting shares of Valensa International, a limited liability company based in Florida, U.S. The company acquired 48 per cent stake in Valensa in 2008 as part of its business strategy to move up the value chain in the nutraceutical business. According to P. Gopalakrishnan, Vice-President, Finance, the total amount involved in acquisition of the U.S. company is about $14 million.
Valensa International is a leading science-based developer and provider of high quality nature-sourced ingredients and formulations for nutritional supplements and functional super foods with its certified organic facilities located in a protected pine forest and Saw palmetto grove in Orlando, Florida,. Valensa offers a range of branded ingredients and innovative formulations including astaxanthin, and spirulina.