ESM Technologies and Novus International Strengthen Relationship with Joint-venture
Dec 08 2010
| Stratum News
| April Knell
ESM Technologies announces today their “joint venture” between ESM's previous owners and Novus International, which is the parent company of Stratum Nutrition.
ESM will continue to be run by current management. Previously, Stratum Nutrition and ESM had been working together under a strategic alliance termed a “Technology Partnership.” This investment allows ESM Technologies and Stratum Nutrition to accelerate growth opportunities internationally and in food and beverage applications for NEM®, ESC® and other ingredient technologies. The companies will continue to work collaboratively to advance the science behind ESM’s unique ingredients.
“We are excited to have Novus as part of the ownership structure and to strengthen our relationship with Stratum Nutrition. I feel confident both ESM Technologies and Stratum Nutrition will be able to accelerate achievement of our business objectives as a result of this new arrangement,” said Micah Osborne, President, ESM Technologies.
Together, ESM and Stratum will capitalize on the strengths of both companies to accelerate new product development and global sales of their combined product portfolio to manufacturers and marketers of supplements, foods, and beverages.
