Martek extends Danone agreement

Posted 9 March, 2010
Share on LinkedIn

Martek Biosciences Corporation has extended its multi-year sole-source licence and supply agreement with Danone, a worldwide producer of infant nutrition products.

Under the terms of the amended agreement, Martek will be Danone’s exclusive supplier of ARA for all of its infant formula and growing-up milk products until at least 31 December 2014, which is an extension of Martek’s current exclusive ARA supply position with Danone by three years. As with the current agreement, Danone may continue to use non-microbial DHA sources. In most cases, Martek will continue to serve as Danone’s global supplier for its microbially-derived DHA needs for infant formula. This is an amendment to the 2007 agreement between Martek and Numico, and contains certain limited termination rights. Martek has supplied DHA and ARA to Numico, which was acquired by Danone in 2008, for infant formula products since 1994.

Topics

Organisations

Read more