Founded in the late 2010s, the company grew out of the BBSRC’s Follow-on Fund with the goal of providing solutions to a specific challenge in the food production industry: acrylamide mitigation. Acrylamide is a known carcinogen that forms in certain foods during high-heat cooking processes. The company helps food producers and private individuals reduce acrylamide levels in their products, using innovative research into testing procedures and mitigation procedures.
The company’s three core services comprise acrylamide analysis, amino acid analysis and sugar analysis, using LC-MS, GC-MS, and HPAEC techniques, respectively. The company is also developing its own in-house high-performance liquid chromatography method for acrylamide analysis.
The company’s market leadership in acrylamide mitigation is reflected in its impressive client roster, having secured contracts with five major food producers, including bread and breakfast cereal companies, farmers, and crisp manufacturers.
The company turned over £53,007 in 2023, £81,958 in 2022, and £107,507 in 2021.
Investment highlights include:
Market opportunity
Acrylamide mitigation became a significant concern for food producers after the European Union adopted Commission Regulation (EU) 2017/2158 in 2018 which requires businesses to put in place measures to minimise acrylamide formation. It outlines practical steps based on Hazard Analysis and Critical Control Point (HACCP) principles for businesses producing high-risk products like French fries, crisps and bread.
EU regulation is expected to change again in 2024, imposing maximal levels, as well as adding more foods to the list of regulated food types.
The changing legislative landscape creates a significant market opportunity for the company’s expertise.
Acquisition rationale
The company’s expertise in acrylamide mitigation would complement a broader food safety portfolio or provide a valuable entry point into the regulatory compliance market.
The company operates from state-of-the-art lab facilities in the South East.
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