UK-based food ingredients firm Tate & Lyle has acquired Biovelop, a Swedish manufacturer of oat beta glucan, for an undisclosed amount.
Biovelop, established in 2005, operates from a production facility in Kimstad, Sweden. The company produces oat beta glucan under the brand name PromOat for use in food, beverage and supplement markets. It also produces oat beta glucan under Avenacarebrand for use in the cosmetics industry.
The company's product range also includes oat-based ingredients including PrOATein (oat protein), oat dextrin and insoluble oat fiber.
According to Tate & Lyle, Biovelop's products are manufactured using non-GMO oats sourced from within Sweden using a chemical-free process.
Beta glucan is a soluble fiber which has been approved for health claims, by including EFSA, for lowering cholesterol and reducing post prandial glycaemic response.
Tate & Lyle Speciality Food Ingredients president Olivier Rigaud said, "The addition of Biovelop's soluble oat beta glucan, supported by strong scientific health claims, represents an excellent addition to Tate & Lyle's existing fibres and health and wellness portfolios."
Tate & Lyle is a global provider of ingredients and solutions to the food, beverage and other industries, operating from more than 30 production facilities worldwide. The company operates through two global business units, Speciality Food Ingredients and Bulk Ingredients, supported by Innovation and Commercial Development.
