RiceBran Technologies and Prozyn BioSolutions Announce Distribution Agreement for South America
In addition, RiceBran Technologies and Prozyn will cooperate to develop new technical applications and sales for other rice bran-based products.
19 Dec 2012 --- RiceBran Technologies a global leader in the production and marketing of value added products derived from rice bran, and Prozyn BioSolutions, a company based in Sao Paulo, Brazil specializing in the development of technical applications and sale of value added ingredients to the human food ingredient, nutritional supplement and pharmaceutical industries, announced a non-exclusive distribution agreement.
Under the terms of the Distribution and Supply Agreement entered into on December 11, 2012, RiceBran Technologies will produce stabilized rice bran (SRB) and rice bran derivatives for non-exclusive distribution by Prozyn under the RiceBran Technologies brand into the human food ingredient market in South America.
In addition, RiceBran Technologies and Prozyn will cooperate to develop new technical applications and sales for other rice bran-based products. Under the terms of the agreement, Prozyn may also develop novel value-added formulations using Ricebran Technologies ingredients for distribution and sale under the Prozyn brand with provisions for co-branding with the RiceBran Technologies logo.
W. John Short, Chief Executive Officer of RiceBran Technologies, commented, "We are very pleased to announce our alliance with Prozyn to expand the sales and applications of our best-in market stabilized rice bran and rice bran derivative products in the South American market. Prozyn is a recognized leader in the development and marketing of value-added ingredients into diverse food sectors. By combining our best-of-breed technology with Prozyn's technical applications, product development expertise, and established distribution capabilities, we expect to achieve significant increases in sales and profitability for both companies."
Jadyr Oliveira, Founder and Managing Director of Prozyn, stated, "We are excited to begin distributing RiceBran Technologies' products in South America. We have observed the benefits of incorporating RiceBran Technologies' rice bran products into various food applications including baked goods and meat products. We see excellent opportunities to combine our state-of-the-art food application solutions with RiceBran Technologies' ingredients to develop new and value-added products for the food industry."
