FROM nutraingredients-usa
7/18/2007 - California-based Renaissance Herbs has announced its acquisition by Bangalore-based Avestha Gengraine Technologies Pvt., allowing Renaissance to expand into the EU and Middle East.
The deal, set to be complete by the end of the month, will see Avesthagen purchasing all outstanding shares of Renaissance Herbs company stock, and includes the purchase of Renaissance's Ayurceutics consumer products line,
According to Dr. Villoo Patell, managing director of Avesthagen: "Renaissance Herbs superb manufacturing complex with its ISO 22000:2005, ISO 9001:2000 and organic certifications will allow Avesthagen to actualize our advanced biotechnology research into products for the worldwide nutraceutical and pharma industries."
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