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Raision Tehtaat Oy Company

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July 16, 1997 | (Bloomberg News)
Raision Tehtaat Oy of Finland has entered into an agreement to sell a unit of Johnson & Johnson the exclusive U.S. rights to Benecol, a cholesterol-cutting substance made from plant byproducts. The purchaser, McNeil Consumer Products, said it is not sure how it will use the substance, which can be used in margarine, yogurt, mayonnaise, peanut butter and other products, but the market could be well in excess of $750 million a year, according to Davis Maris, an analyst at Aros Securities.
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BUSINESS
July 16, 1997 | (Bloomberg News)
Raision Tehtaat Oy of Finland has entered into an agreement to sell a unit of Johnson & Johnson the exclusive U.S. rights to Benecol, a cholesterol-cutting substance made from plant byproducts. The purchaser, McNeil Consumer Products, said it is not sure how it will use the substance, which can be used in margarine, yogurt, mayonnaise, peanut butter and other products, but the market could be well in excess of $750 million a year, according to Davis Maris, an analyst at Aros Securities.
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