Aquentium, a diversified holding company, is to acquire US developer of food safety equipment Food Safe, for an undisclosed amount.
Food Safe has developed a range of processes that kill pathogens and bacteria. "One of the most important elements of the food safety system is its ability to extend the shelf life of a product an additional 10 to 40 days. Considering that over 25-35 per cent of a grower's fresh fruits, vegetables and produce never reach an end-user, the extension of the life cycle of a perishable product is extremely beneficial to all parties, including the consumer or any end-user," said Food Safe CEO, William Karney.
According to a National Restaurant Industry's forecast for the next 10 years, high-tech solutions will have a critical impact on food safety as higher consumer expectations will lead to improved handling and sanitation.
"The higher the expectations, the stronger will be the pressure on government agencies and lawmakers to provide stricter guidelines and regulations especially in the fresh fruits, vegetables, and produce industry," added Aquentium CEO and president Mark Taggatz.
Currently, the US food industry is worth $800 billion. A recent mammoth beef recall in the US, fired over E.coli fears, served to reinforce the ongoing need for tight food safety practices.