Focused on Core Businesses
Landec Corporation (NASDAQ:LNDC) is a leading developer and marketer of innovative and proprietary products for healthy living applications in the food and biomedical markets that focuses on health and wellness solutions and applications within the packaged food and biomaterial markets. The Company has two proprietary polymer technology platforms: 1) Intelimer® polymers, and 2) hyaluronan (“HA”) biopolymers. The Company sells specialty packaged fresh-cut vegetables and whole produce to retailers, club stores and foodservice operators its Apio, Inc. (“Apio”) subsidiary and sells HA-based biomaterials through its Lifecore Biomedical, Inc. (“Lifecore”) subsidiary. The Company’s polymer technologies, along with its customer relationships and brands, are the foundation, and a key differentiating advantage upon which Landec has built its business.
Landec’s subsidiary, Apio, Inc., headquartered in Guadalupe, California has become the leader in US fresh-cut specialty packaged vegetables sold in North America. Apio has done so by combining Landec’s proprietary food packaging technology, BreatheWay®, and the strength of two major national brands, Eat Smart® and GreenLine®, with the capabilities of a large national food supplier, processor and distributor. Apio continues to grow its core food business, purchasing GreenLine Holding Company in April 2012 and making a 20% equity investment in Windset Farms a leader in hydroponic farming in 2011. Through its subsidiary, Lifecore Biomedical located in Chaska, Minnesota, Landec is a premium supplier of hyaluronan-based materials and medical products to ophthalmic, orthopedic and veterinary markets worldwide. In addition, Landec will periodically work with market-leading companies to develop and commercialize differentiated polymer-based products.
Growing within Core Markets
- Health & Convenience
- New Superfood Containing Products
- Hydroponic Greenhouse Technology