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E.I.D.–Parry Acquires Alimtec S.A.

By: Lisa Olivo

, Rodman Media

E.I.D.-Parry (India) Ltd., has acquired 100% stake of Alimtec S.A., Chile, part of Bayer Group. This acquisition is by way of purchase of the stake from Bayer Finance and Portfolio Management S.A., and Nunhems Chile S.A, subsidiaries of Bayer A.G.
 
With this acquisition, E.I.D.-Parry aims to ensure reliable sourcing of Astaxanthin for its subsidiary, US Nutraceuticals LLC (Valensa). The entire production of Alimtec will be used by Valensa for its Astaxanthin products catering to the U.S. and European market.

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