SweeGen Inc. receives strategic investment, plans to expand production capacity
A portion of the investment will support the expansion of an additional manufacturing site located in Europe with a capacity to produce 3,000 metric tons of non-GMO stevia sweeteners.
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SweeGen Inc. (Rancho Santa Margarita, CA), maker of Bestevia Taste solutions, has received an additional strategic investment from Sumitomo Chemical, a Japan-based global chemical company, and Outlook Investment Group, a private equity fund. A portion of the investment will support the expansion of an additional manufacturing site located in Europe with a capacity to produce 3,000 metric tons of non-GMO stevia sweeteners.
“We are developing our strategic partnership with SweeGen to be part of the continuous success in providing the natural sweetener market with the latest innovations and advanced technologies, and also extending our established relationship into new ventures in the field of Synthetic Biology,” said Hiroshi Ueda, vice president, Sumitomo Chemical, in a press release.
“SweeGen has proven to disrupt the global sweetener market by delivering best tasting, non-GMO stevia sweetener solutions,” added Matt Stamborski, managing partner, Outlook Investment Group. “We are excited about the next stage growth plans.”
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