WORCESTER, Mass.—Vystar Corp. has struck a deal with Corrie MacColl Ltd., covering the company's Vytex brand of deproteinized latex.
The agreement includes market development, manufacturing, sales and distribution of the latex, Worcester-based Vystar said.
Corrie MacColl, a unit of Halcyon Agri Corp. Ltd., is working under a three-year contract with Vystar, effective immediately. Beyond that initial period, the deal will automatically renew in one-year increments unless terminated by either said.
Corrie MacColl will use output from its rubber plantations in Cameroon to produce Vytex latex.
"We anticipate that raw liquid latex from our Cameroon plantations will, in the future, be processed into eco-friendly Vytex latex, which has all the advantages of latex, plus the added benefits of a healthier, purer product with improved strength, durability and flexibility. The synergies are strong and vital," Horst Sakreida, CEO of Corrie MacColl North America, said in a statement.
For Vystar, joining forces with Corrie MacColl accelerates Vytex market reach.
"Tapping the global market development and distribution capabilities of Corrie MacColl provides us with an extensive reach that would take decades to establish on our own," Vystar CEO Steve Rotman said in a statement.
Vytex latex is created by removal of non-rubber components as well as 99.85 percent of all proteins. This creates what Vystar calls a "ultra-pure latex with a stronger molecular bond for greater durability, strength and flexibility."