The transaction “did not mature to a final agreement,” according to statements from both companies.
The partnership is expected to accelerate business growth and enable more effective customer service across Europe.
The facility will initially produce several hundred metric tons annually, with plans to scale beyond 1,200 metric tons by 2028.
Akwa Ibom’s intervention is expected to narrow this supply gap while stimulating rural employment and economic growth in the Niger Delta region.
The combined entity will offer tailored formulation development, application testing, and scalable delivery to industrial bakeries and food manufacturers seeking transparency, sustainability, and nutrition in their ingredient sourcing.