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This Week's Chicago Deal Sheet (September 9, 2021)

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Ajinomoto defends MSG as nonprofit petitions FDA to rescind its GRAS status


Ajinomoto defends MSG as nonprofit petitions FDA to rescind its GRAS status
Ajinomoto has defended the safety of flavor enhancer MSG against claims made in a citizen s petition filed by the nonprofit Truth in Labeling Campaign that urges the FDA to rescind the ingredient s GRAS (Generally Recognized as Safe) status.
Added to many foods as a flavor enhancer, MSG is a highly concentrated glutamate salt (100% sodium glutamate) produced on a commercial scale via the bacterial fermentation of sugars.
Approved as a food additive in Europe (E621), MSG is considered GRAS by the US Food and Drug Administration (FDA) and other scientific agencies around the world, but remains on the ‘unacceptable ingredients’ list at Whole Foods, Trader Joe’s, Kroger (simple Truth), H.E.B (Select Ingredients), Aldi (Simply Nature), and several other high profile retailers. ....

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Nutrition venture backed by Leslie Buckley sold to Japanese investors


The company made a profit of almost €1.7m last year.
It does not publicly report turnover, which was understood to be about €10m in 2018.
Mr Buckley is the former chairman of Independent News & Media, while Mr Corkery is the former chief executive of Actavo. Both are former non-executive directors of Denis O’Brien’s Digicel telecoms firm. Mr Buckley and his family own more than 22pc of Nualtra.
Mr Corkery is the chief executive of stock market-listed Irish travel software firm Datalex. He is also Mr Gough’s father-in-law. Mr Corkery owns almost 13pc of Nualtra.
Cambrooke, which was acquired by Ajinomoto in 2007, said Nualtra has been the fastest-growing nutrition supplement provider in Ireland and the UK for a number of years. ....

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