India-based company invests in Safe Foods.
Jubilant will become a supplier of cetylpyridinium chloride, which is the active ingredient in Safe Foods' patented Cecure brand anti-microbial solution.
Details of the agreement were not disclosed.
Food processors in the United States and elsewhere are using Cecure as a food safety intervention.
"Safe Foods is responding to a rapidly growing international demand for Cecure, which is now widely recognized as one of the safest and most effective food safety interventions available to food processors," said Curtis W. Coleman, president and CEO of Safe Foods. "This strategic alliance with one of the world's leading contract research and manufacturing companies will be key in enabling Safe Foods to take full advantage of this demand in the global marketplace. We've long had the goal of helping make the world's food supplies safer, and this is a very important step in that direction."
Safe Foods is a privately held company that was born out of Arkansas BioVentures, the University of Arkansas for Medical Sciences' business accelerator program.
Cecure is patented in more than 100 countries and has regulatory approval in about a dozen markets.
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|Title Annotation:||AGRICULTURAL BUSINESS|
|Date:||May 26, 2008|
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