LycoRed Expands

LycoRed Expands
Natural Carotenoid Business
LycoRed, Beer Sheva, Israel, has acquired the assets and business of H. Reisman Corporation, a major player in the U.S. natural carotenoid market. H. Reisman was a subsidiary of Pharmachem Laboratories Ltd., Kearny, NJ.
The addition of H. Reisman’s natural carotenoid product range provides synergy and expands LycoRed’s position in the market. H. Reisman has extensive experience in added value carotenoid formulations and manufacturing, and provides LycoRed with a U.S. manufacturing base.
“LycoRed, with its acquisition of H. Reisman, will be able to provide a complete service package; offering a wider product range, and the extensive analytical and formulation capabilities of LycoRed’s other companies,” said Morris Zelkha, president and CEO, LycoRed Ltd. “This is part of an industry-wide consolidation towards single suppliers of multiple value-added ingredients and services, and LycoRed is much attuned to the needs of our customers.”
Pharmachem Laboratories and LycoRed have been successful business partners for the last decade. LycoRed and Pharmachem Laboratories will continue to