Scotia Holdings has signed a US licensing deal with General Mills for its satiety promoter Olibra.
General Mills is now the exclusive licensee for the patented oil derivative throughout the USA, Canada and Mexico in all food categories.
In order to retain exclusive rights, General Mills will pay Scotia a series of milestone payments, along with a royalty once new products are launched. General Mills’ existing dairy products include Yoplait and Colombo yogurts.
Commenting on the contract, Scotia chief executive Robert Dow said: