In February, Nu-Tek Salt, Minnetonka, Minn., said that Khosla Ventures, Menlo Park, Calif., has made a significant investment in the company, adding a major partnership and equity position to the company. The investment will be used to increase infrastructure and overall capacity and accommodate growing client and market needs.
The increase in production of Nu-Tek Salt’s improved potassium chloride solution is being made to meet the demand of food companies searching for unprecedented reduction in sodium levels.
The partnership with Khosla “will allow us to expand our capacity for our current customers and take advantage of the growing sodium-reduction market,” said Tom Manuel, chief executive officer of Nu-Tek Salt. “With our improved potassium chloride technology, we are able to provide unmatched lower-sodium alternatives to our customers in a cost-effective manner while maintaining the taste, flavor and functionality historically seen in processed foods.”