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Martek, Numico deal

This article was originally published in The Tan Sheet

Executive Summary

Nutritional oil manufacturer Martek Biosciences will exclusively supply infant formula producer Numico with ARA and microbially-derived DHA for its infant formula products under a 15-year deal between the firms, Martek announces Feb. 19. The agreement extends an existing license agreement that has been in place since 1994, but allows Numico to terminate the arrangement as early as January 2012, Martek states. "With this new agreement, more than 70 percent of Martek's business in the infant formula market is subject to multi-year sole source agreements," firm notes...

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