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Stake Technology, Dr. Laxman Desai Enter Agreement

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By: Sean Moloughney

Editor, Nutraceuticals World

Stake Technology’s subsidiary, Opta Food Ingredients, Inc., Toronto, Ontario, Canada, has entered into an option a­greement with Dr. Laxman Desai whereby Dr. Desai has been granted a one-year option to purchase the former 45,000 square-foot Opta corporate headquarters and development center at a price of $4.85 million. The option has been granted for a period of one year and expires September 22, 2004.

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