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Global nutraceutical manufacturer Sirio Pharma Co. Ltd has opened a multimillion-dollar gummy production plant at its 240,000-sq.-meter manufacturing facility in Ma’anshan, China.
Mount Franklin Nutritionals, a manufacturer of gummy nutritional supplements, organic gummies and fruit snacks and a subsidiary of El Paso, Texas-based Mount Franklin Foods, says its new 100,000-sq.-ft. manufacturing facility in Sumter, S.C., is primed to serve the “rapidly growing,” $2.7-billion nutraceuticals industry.
With all the recent gyrations going on in the confectionery industry, I thought it might be wise to get some outside perspective. Periodically I get a publication called U.S. Talking Points from Rabobank, written by senior analyst Nick Fereday. It’s essentially a brief on recent events affecting the food and beverage industries, peppered with Fereday’s observations.
When Musharaf Syed decided to create a supplements business with Aisha Yang in 2009, their business plan didn't call for a manufacturing facility. As so often happens in entrepreneurial endeavors, fate intervenes.
A surf board still hangs in the executive offices of Santa Cruz Nutritionals (SCN). It's a testament to the company’s namesake city, and a reminder of the days when the company's founders actually surfed.