Tekcapital's MicroSalt to be stocked by US grocer Hannaford

21st Dec 2022 13:45

(Sharecast News) - Intellectual property investor Tekcapital announced on Wednesday that northeastern US grocery chain Hannaford Brothers has agreed to stock both sizes of MicroSalt's new table-top shakers.

The AIM-traded firm said its investee MicroSalt provides a "much-needed option", allowing food manufacturers and consumers to cut the sodium content of their food without impacting flavour.

"We are extremely excited that Hannaford Brothers has joined with us to provide low sodium solutions to its customers," said MicroSalt chief executive officer Rick Guiney.

"This is a tremendous step in our march toward reducing excess sodium in the average diet.

"Our take-home shakers will let people salt their food to taste without excess sodium."

Tekcapital owns 97.2% of the share capital of MicroSalt, and 73% of its United States subsidiary.

At 1236 GMT, shares in Tekcapital were up 7.46% at 18p.

Reporting by Josh White for Sharecast.com.