Eone Diagnomics Genome Center ( EDGC ), Korea’s genetic sequencing firm and gene-based services provider acquires Canada’s nutritional supplement manufacturer Natural Life Nutrition to expand its share in the international health supplements market.
The Director of EDGC’s new business team, Kim Tae-hyun, said:
The deal combines the Incheon-based company’s “global-leading genetic big data and genetic sequencing technologies, together with the Canadian firm’s health supplements manufacturing capability.” He added EDGC “has now acquired a good cash cow.”
Following the deal, Eone Diagnomics Genome Center ( EDGC ) plans to broaden its domestic sales channels in Korea by introducing its products to major online platforms, home shopping and duty free shops. The company also plans to use online markets, like Amazon and Canada’s Shopify, to increase its piece of the pie in the North American market. It also plans to pioneer new markets in China, Russia and the Southeast Asian region.
About Eone Diagnomics Genome Center ( EDGC )
EDGC is the international joint venture established in the year 2013 between EONE Laboratories
and Diagnomics.
The company is in the centre of the ongoing fourth industrial revolution in which, as the
technologies converge, the borders between the industries disappear.
About Natural Life Nutrition
Natural Life Nutrition is a manufacturer of natural health products that is located in British Columbia. formed in 2000, Natural Life Nutrition Inc. has been the leader in contract nutraceuticals and packaging industry for its superior quality assured products in Canada.
