WILD Flavors GmbH acquires additional 7.67 million shares of Sunwin Stevia International in exchange for its stake in Sunwin USA and grants the exclusive ownership to certain stevia formulations
QUFU, China, Aug. 28, 2012 /PRNewswire/ – Sunwin Stevia International, Inc. “Sunwin” (OTC.BB: SUWN) one of the top global providers of high quality stevia extracts, including Rebaudioside A 98, announced today that it has entered into a worldwide stevia distribution agreement with Wild WILD Flavors GmbH (“collectively “WILD”).
Under the terms of the agreement, WILD is granted the non exclusive worldwide right as a distributor to market and resell all stevia products manufactured by Sunwin and use of all trademarks. In conjunction with the agreement, WILD also acquires an additional 7.67 million shares in exchange for its stake in Sunwin USA and granting Sunwin exclusive ownership of certain flavor formulations for use with Sunwin’s stevia extracts developed by WILD. In light of the new distribution agreement, both parties have agreed to terminate the previous distribution agreement between WILD Flavors, Inc. and Sunwin USA.
Commenting on the announcement, Ms. Dongdong Lin, CEO of Sunwin Stevia International, stated “We are excited to further our relationship with WILD through this new distribution agreement and through the increase of their equity stake in our company. WILD is one of the largest, privately-owned ingredient manufacturers in the food and beverage industry worldwide and we look forward to working more closely with them to capitalize on the growing market trends for healthier, low calorie and all natural food products. We look forward to supporting their global distribution efforts as we grow our company for the future.”
Michael Ponder, CEO of WILD Flavors, GmbH expressed,”WILD and Sunwin have worked diligently over the past several years to utilize the plant science and stevia expertise of Sunwin to enhance WILD’s sweetening capabilities and solutions. The agreement allows us to expand the technological advancements for stevia formulations and systems globally through our extensive worldwide R&D and sales teams.”
About Sunwin Stevia International, Inc.
Sunwin Stevia International, Inc. engages in the areas of zero calorie, all natural sweeteners (Sunwin Stevia™ Extracts) and essential traditional Chinese medicine. As an industry leader in agricultural processing, Sunwin has built an integrated global firm with the sourcing and production capabilities to meet the needs of consumers throughout the world. For more info about Sunwin, please visit http://www.sunwininternational.com.
About WILD Flavors GmbH
WILD Flavors GmbH is headquartered in Zug, Switzerland, and is one of the world’s leading suppliers of natural ingredients to the food and beverage industry. The company’s management offices and production sites are located at Rudolf WILD GmbH & Co. KG in Eppelheim (Germany) as well as at WILD Flavors, Inc. in Erlanger (Kentucky, USA). Eight further production locations in Europe, USA, Canada, China, India, Japan and Dubai are part of WILD Flavors GmbH as well. The WILD Flavors product portfolio of natural-flavor ingredients includes full flavor and ingredient solutions for the food and beverage industry, known as flavor systems, as well as individual components such as flavors and extracts, natural colors, concentrates, sweetening systems, specialty ingredients, mint flavors, juice, seasonings, functional flavors, healthy ingredients, taste modifiers, and fermentation technologies. WILD Flavors’ competence of global supply markets as well as technologically advanced production processes brings value to our customers on a daily basis. www.wild.de or www.wildflavors.com