Portfolio

Tekcapital's Salarius reaches agreement with Hanks

By Iain Gilbert

Date: Friday 24 Jan 2020

Tekcapital's Salarius reaches agreement with Hanks

(Sharecast News) - Intellectual property investment group Tekcapital revealed on Friday that its majority-owned portfolio company Salarius had secured an agreement with national food ingredient broker Hanks.
Tekcapital said Hanks will assist Salarius with the sale of its proprietary salt product Microsalt to snack food companies in the southwestern United States.

The agreement covered an important part of Salarius' sales strategy - which also includes attendance at food trade shows, working with "best in class" sales partners and an ongoing direct B2B outreach.

The AIM-listed group added that over 25 potential customers were in the process of testing and evaluating the applicability of Salarius' Microsalt to their snacks and other product lines.

Salarius chief executive Victor Hugo Manzanilla said: "We are very excited about our partnership with Hanks Brokerage and working with their team of sales professionals to expand brand awareness and accelerate sales of Microsalt.

"Our partnership is a win-win-win as we are offering their customers a unique, on-trend, innovative ingredient that will also help consumers lower their sodium intake."

As of 0855 GMT, Tekcapital shares were down 1.86% at 6.01p.

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