Nu-Tek Salt to Expand Capacity with Khosla Ventures Partnership
The increase in production of Nu-Tek Salt’s improved potassium chloride solution is being made to meet the demand of food companies searching for unprecedented reduction in sodium levels.
Feb 29 2012 --- Nu-Tek Salt, LLC announced that Khosla Ventures has made a significant investment in Nu-Tek Salt, adding a major partnership and equity position to the company. This investment will be used to increase infrastructure and overall capacity and accommodate growing client and market needs. The increase in production of Nu-Tek Salt’s improved potassium chloride solution is being made to meet the demand of food companies searching for unprecedented reduction in sodium levels.
“This great partnership with Khosla Ventures will allow us to expand our capacity for our current customers and take advantage of the growing sodium-reduction market,” said Tom Manuel, chief executive officer of Nu-Tek Salt. “With our improved potassium chloride technology, we are able to provide unmatched lower-sodium alternatives to our customers in a cost-effective manner while maintaining the taste, flavor and functionality historically seen in processed foods.”
“We are excited to partner with Nu-Tek Salt and the opportunities that their unique, patented sodium-reduction technology will be able to bring to this rapidly growing industry,” added Vinod Khosla, partner at Khosla Ventures.
