Venture-Backed Botaneco Closes BSI Sale
Calgary, Alberta's Botaneco Corp., a natural specialty ingredients company, has closed its previously announced sale of subsidiary Botaneco Specialty Ingredients Inc. (BSI) to Concept Capital Management Ltd. The cash consideration of C$250,000 was directed to Canadian venture capital firm AVAC, in satisfaction of obligations. Botaneco is a portfolio company of AgeChem Venture Fund LP, which is managed by GeneChem, and Avrio Ventures.
1 April 2013•2 mins read
