Home Business Tekcapital’s MicroSalt announces significant partnership with ready meals producer Presty

Tekcapital’s MicroSalt announces significant partnership with ready meals producer Presty

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Tekcapital’s portfolio company MicroSalt announced a partnership with ready meal provider Presty on Thursday and marked another another step in the roll-out of their low-sodium salt products.

The partnership will yield a significant product offering in the low-sodium ready meal market and see MicroSalt’s products reach more end customers.

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Presty produces their healthy and diverse range of ready meals from a facility in France specifically for the US market’s taste.

The partnership is eyeing a global ready meals which was valued at US$138 billion in 2021, and is expected to reach $408 billion by 2031.

“We are proud to work with Presty! Foods in their efforts to offer low-sodium solutions to their customer base. We view Presty as a thought leader in offering lower sodium as an active option in its ingredient listing. Excess sodium consumption is a leading contributor to hypertension and cardiovascular disease, and partnerships like this are the best way to make a difference in our efforts to address the sodium crisis,” said Rick Guiney, CEO of MicroSalt®.

Founded in 2018, MicroSalt is 97% owned by Tekcapital. Having floated already their portfolio companies Belluscura and Lucyd, Tekcapital CEO Dr Clifford Gross alluded to a potential MicroSalt IPO in early 2023 in a recent Podcast with Kemeny Capital.

Tekcapital shares rose following the release on Thursday.

https://ukinvestormagazine.co.uk/tekcapitals-microsalt-announces-significant-partnership-with-ready-meals-producer-presty/

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