Alliance One International and Ioto International have completed the formation of a joint venture, Ioto E-Liquids America. Located in Greenville, North Carolina, USA, Ioto-ELA will produce flavored liquids for electronic vapor products.
AOI’s strength in the global leaf market and Ioto’s worldwide market position in flavors establishes a solid base to grow the new company, according to Ioto founders Bianca Iodice and Gilson Torrens.
“Our [joint venture] with Ioto delivers enhanced value to our customers by leveraging both partners’ unique strengths and establishing a strong position in e-liquid flavor formulations, manufacturing processes and distribution,” says Anthony Dillon, AOI’s director of global strategic projects. “Our products are well received by the market, and we see significant growth potential for this business segment based on increasing industry opportunities and our strengthening competitive position.”
“Ioto is among world leaders in developing and producing unique proprietary flavorings and other specialty products,” says Pieter Sikkel, AOI’s president and CEO. “As such, we are very pleased to be partnering with them to produce e-liquids for our customers serving the e-vapor market.
“Aligned with our goals of measured growth in this industry segment, Ioto-ELA immediately strengthens the value we bring to customers by delivering dynamically innovative, high-quality, sustainably produced, compliant products that are manufactured to strict standards and should provide enhanced value to our stakeholders.”
Category: Breaking News