BioNeutra Acquires Edmonton Manufacturing Facility
BioNeutra Global Corp. has acquired a 47,000 sq.-ft. manufacturing facility in Edmonton for $7.85 million that it will use to start a production line for its specialized food ingredients.
The property purchase “represents a major milestone for BioNeutra,” said chairman Bill Smith, a former Edmonton mayor.
The Edmonton-based company plans to develop a commercial production line to produce “functional food and beverage ingredients” with isomalto-oligosaccharide (IMO), using BioNeutra’s patented IMO production processes.