Nestle, Martek sign deal
This article was originally published in The Tan Sheet
Executive Summary
Nestle signs worldwide licensing deal for use of Martek's DHA, ARA nutritional oils in infant formulas, Martek announces June 13. "Agreement provides for an initial cash payment, consisting of a license fee, inventory prepayment and ongoing royalties based on Nestle's sales of infant formula containing Martek's oils," firm says. Nestle is the last major infant formula marketer to sign on with Martek; Ross Products and Mead Johnson launched fortified formulas in early 2002 (1"The Tan Sheet" Feb. 25, 2002, p. 8). Nestle markets the Carnation brand of formulas in the U.S...
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