April 2, 2019
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Sanmark B.V. Changes Name
Dalian, China, April 2, 2019 – Sanmark Corporation announced that Sanmark B.V. was acquired by Dutch company Tradin Organic Agriculture B.V.
Formerly a wholly-owned subsidiary of Sanmark Corporation, Sanmark B.V. was founded in 2006 to distribute Sanmark Corporation’s products to European customers in the dietary supplement, health food, and personal care industries.
Sanmark Corporation is a well-known manufacturer and distributor of specialty nutritional oils for the international market. Founded in 1999, its corporate headquarters and production facilities are located in Benxi, China. Sanmark’s main product is evening primrose oil that accounts for 40% of the global market. Its borage oil, perilla oil, and flaxseed oil also have a relatively large market share in the dietary supplements and functional foods industries. In recent years Sanmark Corporation has increased its share in the areas of cosmetic products and organic foods.
Sanmark Corporation currently provides products and services to approximately 500 corporate clients worldwide and approximately 100,000 families in China. Its four major markets are Asia Pacific, China, Europe, and North America.
In this transaction, Sanmark BV will hand over its European customer portfolio to Tradin. According to the agreement, products produced by Sanmark China will continue to be provided to European customers through Tradin Organic. The cooperation is mutually exclusive.
Qu Ming, Chairman of the Sanmark Corporation, said: “We will continue to focus on leveraging the best global resources to produce high quality oil products, including the expanding of organic products. The business of serving customers in Europe will be transferred to the partner company Tradin Organic, with whom we have been in business already for a long time”
Tradin's core business is organic ingredients and its distribution into the specialty oils markets is expanded through this acquisition. Sanmark also hopes to accelerate its business growth in organic oils through expanded cooperation with Tradin.
Sunopta, the parent company of Tradin, is a NASDAQ-listed company and approved the acquisition in their most recent board meeting.