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Wild Flavors Signs Worldwide Stevia Pact With Sunwin Stevia Intl
Posted: August 28, 2012
Wild Flavors GmbH has entered into a worldwide stevia distribution agreement with stevia extracts provider Sunwin Stevia International Inc., which grants Wild the non-exclusive worldwide right as a distributor to market and resell all Sunwin manufactured stevia products and to use of all trademarks. The company's have previously collaborated on sweetener projects.
In conjunction with the agreement, Wild has acquired an additional 7.67 million shares in exchange for its stake in Sunwin USA, which grants Sunwin exclusive ownership of certain flavor formulations for use with Sunwin’s stevia extracts that Wild develops.
Both parties have agreed to terminate the previous distribution agreement between Wild Flavors and Sunwin USA.