Batory Foods (Rosemont, IL), a national distributor of food and fine ingredients, has entered into a strategic partnership with KND Labs, a Lakewood, CO-based producer of high-quality, domestic hemp-derived cannabinoids. The new agreement will make Batory Foods a CBD distributor to the food and beverage industry to support a growing industry-wide demand for CBD products.

With market reports indicating the CBD food and beverage market is forecasted to grow at a compounded annual growth rate (CAGR) of approximately 25 percent through 2026, this agreement was formed at an opportune time, according to the companies. The joint partnership will provide guaranteed safe, consistent and compliant CBD products to the food and beverage industry such as infused beverages, snacks, bakery items and pet treats.

“At Batory Foods, we are continuously looking to identify strategic partners to further expand and diversify our ingredients portfolio, ensuring we are aligned with the growing segments of on-trend functional ingredients throughout the industry,” said Vince Pinneri, president of Batory Foods. “We look forward to a long and mutually successful partnership with KND Labs that will allow us to meet the increased demand for CBD products and provide even more value to our customers.”

“Brands make significant investments in their products and reputation, and it is therefore vital to have a supply chain partner that adequately meets those demands,” added Nick Wilson, president of KND Labs. “We are excited to partner with Batory Foods to provide our industry-leading ingredients as their exclusive CBD manufacturer. We’re looking forward to providing ingredient support for a myriad of innovative products to Batory customers around the world.”

For more information, visit www.batoryfoods.com.