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Industry digest: Joint ventures | Ex-con attracts $10m for packaging startup

Article-Industry digest: Joint ventures | Ex-con attracts $10m for packaging startup

Every week we collect the latest trends and research across the health and nutrition space, helping you catch up on current industry news and highlights.


Tenshi and DolCas Biotech join hands

Tenshi and DolCas Biotech have announced the signing of an agreement for a joint-venture company—incorporated under the name of its signatories: DolCas-Tenshi Bioceuticals (DTB).
The company will focus exclusively on the research, development, and commercialisation of novel nutraceutical lines for key global markets. The two partners have equal interest and headquarters will be based in New Jersey. DTB will exhibit for the first time at Vitafoods Europe with two new ingredients.
Read more at Vitafoods Insights

Ex-con attracts $10 million investment for packaging start-up

An ex-con who was incarcerated for gang-related crime at age 14 has started a packaging company, specialising in sustainable solutions, and hires former inmates. Vericool, founded by Darrell Jobe, has raised $10 million in investment capital and now has a backlog of committed orders worth over $40 million. A client includes Raw Living Spirulina, as well as other unnamed large pharmaceutical companies.
Read more at Forbes

EU makes plastic reduction progress

Single-use plastic items will be banned in the European Union by 2021 following a vote by EU lawmakers on Wednesday as the bloc pushes manufacturers to step up their recycling efforts. The European Parliament voted by 560 to 35 in favour of banning 10 single-use plastics including straws, forks and knives, cotton buds, plates, balloon sticks, food and beverage containers made of expanded polystyrene, and all products made of oxo-degradable plastic.
Read more at Reuteurs

Unilever offers to acquire French nutricosmetics firm

Unilever’s move into the nutricosmetic space strengthened with binding offer to acquire French nutricosmetic company, Garancia. Unilever frontman, Vasiliki Petrou, highlighted Garancia as a leading brand with a strong positioning between nature and science.
Read more at Unilever

Algaia strengthens its shareholding structure

Sapec purchases Cap Decisif stakes, acquiring 31% of Algaia shares. Maabarot Products Ltd, SuperNova Invest and Algaia maintain their respective stockholding positions. Algaia is a global player in the field of specialty seaweed extracts benefiting from unique R&D and production capabilities. “Sapec CEO commented that the investment in Algaia is part of an overall strategy to develop in businesses where they see significant growth opportunities.
Read more at Vitafoods Insights