GLG Life Tech Inks Deal to Market Stevia in Mexico

Stevia producer GLG Life Tech (GLG; Vancouver) has signed a memorandum of understanding with Grupo Azucarero Mexico (GAM; Las Lomas, Mexico), Mexico...s largest sugar producer, to distribute and market stevia products in Mexico, according to a GLG press release published earlier this month.

GAM owns and operates four sugar mills and three processing plants across Mexico, a country where stevia products have already entered the market. PepsiCo introduced its stevia-based Gatorade G2 beverage in Mexico, last year.

'We are excited about the possibilities between GLG and GAM, including the opportunity to create new blends and offer the health benefits of stevia to consumers in Mexico,' said GLG CEO and chairman Luke Zhang, PhD. 'We look forward to building the Mexican market together, and to forming a productive long-term relationship between our two companies.'

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