GELITA, Wenzhou Jiabao Co to form joint venture

GELITA will form a joint venture with Wenzhou Jiabao Co., a group in Zhejiang Province that is focused on food, consumer and retail opportunities in China. The new partnership aims to develop and strengthen Gelita’s business in the country.

Headquartered in Eberbach, Germany, Gelita is the world’s leading supplier of collagen proteins for the food, health & nutrition and pharmaceutical industries and for numerous technical applications.

James Li, CEO of E. J. McKay, which acts as the exclusive financial advisor to Gelita in this transaction said, "We are pleased to be able to act as the exclusive advisor to Gelita on this transaction. The joint venture will create a win-win situation for Gelita and Wenzhou Jiabao. This is yet another example of E. J. McKay's expertise in the food and pharmaceutical ingredients sector.”