aXichem signs distribution agreement with Berg Nutrition for sales and distribution of aXivite® to the ingredients market in the U.S. and Canada
aXichem AB (publ), that develops and markets natural analogue industrial compounds, has signed a marketing, sales and distribution agreement with the U.S. based company Berg Nutrition, a provider of ingredients for dietary supplement, foods and beverages. The agreement gives Berg Nutrition the exclusive right to distribute and sell aXichem’s capsaicin analogue product, aXivite, in the U.S. and Canada. With the signing of the agreement Berg Nutrition has placed an initial order for aXivite to a value of 75 000 SEK.
- I am excited about the agreement with Berg Nutrition. The company has an impressive list of ingredients in their current distribution and an excellent reputation among their partners. aXivite fits well with Berg Nutrition’s market focus and I’m convinced that aXivite will be introduced to the North American and Canadian markets for nutrition products in an efficient and professional way, says Lucas Altepost, Vice President at aXichem.
- Berg Nutrition is honoured to add aXichem to our high-quality portfolio of nutraceutical offerings for the U.S. marketplace. I know that our extensive network of influential food supplement and nutrition product companies will be eager to learn about the innovative ingredients aXichem has to offer, says Cai Berg, founder and president of Berg Nutrition.
- This sales and distribution agreement with Berg Nutrition is yet another step in our commercial plan for aXivite in the U.S. and Canada, and matches well our ongoing work in the weight management segment, says Torsten Helsing, CEO of aXichem.
According to ResearchandMarkets.com (September 2019) the USA nutraceuticals market is accounted to US$ 73,986.0 Mn in 2018 and is expected to grow at a CAGR of 7.1% during the forecast period 2019 - 2027, to account to US$ 138,047.1 Mn by 2027.
Berg Nutrition is a specialty nutraceutical distributor and the exclusive U.S. supplier for some of the leading European nutrition and biotech companies. The company specializes in supplying high-quality, science-backed ingredients to the U.S. dietary supplement and medical foods industries. With round-the-clock support, Berg Nutrition focuses on building strong relationships with manufacturers and suppliers by helping European companies understand and breakthrough the unique challenges of the American marketplace. Learn more at: http://bergnutrition.com/
This press release has been translated from Swedish. The Swedish text shall govern for all purposes and prevail in case of any discrepancy with the English version.
Torsten Helsing, CEO of aXichem, Ph + 46 46-780 06 73. E-mail: firstname.lastname@example.org
aXichem’s business idea is to develop, patent and market natural analogue industrial compounds. The Company primarily works with phenylcapsaicin a natural analogue synthetic capsaicin with a wide range of applications, such as feed additives, marine anti-fouling products and certain pharmaceutical areas. aXichem’s shares are listed on NASDAQ First North Growth Market under AXIC A. Certified Adviser: Redeye AB Certifiedadviser@redeye.se +46 (0)8 121 576 90. Read more about the company at www.axichem.se