CoreFX Establishes European Innovation Headquarters in Ireland with Support from Enterprise Ireland

New European headquarters will accelerate development of the company's proprietary CoreNhanced™ platform while expanding scientific collaboration and commercial growth across Europe.

US based CoreFX Ingredients LLC ('CoreFX'), a science-driven biotechnology company advancing nutritional performance through its proprietary CoreNhanced™ platform, today announced the establishment of CoreNhanced Biotechnology Limited in Ireland. Supported by Enterprise Ireland and developed in collaboration with Teagasc Moorepark, the new operation will serve as CoreFX's European headquarters for scientific innovation, technology development, and commercial expansion.

The investment represents a significant milestone in CoreFX's long-term global strategy, positioning Ireland as the company's European center for research, customer collaboration, and commercial growth. From this base, CoreFX will accelerate development of technologies that improve how bioactive molecules perform during manufacturing throughout shelf life, and ultimately, within the body.

Ireland was selected for its globally recognized strengths in food science, biotechnology, research collaboration, and access to exceptional scientific talent. Through its partnership with Enterprise Ireland and collaboration with Teagasc Moorepark, CoreFX will leverage one of Europe's leading innovation ecosystems while strengthening support for customers throughout the European Union.

Minister for Enterprise, Tourism and Employment Peter Burke TD said: "This is a strategically important investment for Ireland by a leading international nutritional technology company. CoreFX's decision to invest and open this facility further positions Ireland internationally as a hub for biotechnology and food science and is a major signal of confidence in the quality of the Irish food innovation sector. I wish all at CoreFX the very best, and the Government, through Enterprise Ireland, looks forward to supporting them on their continued growth journey."

"Returning to Ireland to establish our European headquarters is personally meaningful, but this decision was driven by much more than my own roots," said Denis Neville, Founder and CEO of CoreFX. "Ireland has become one of the world's leading centers for food science, biotechnology, and innovation. By combining the scientific excellence of Teagasc Moorepark with Enterprise Ireland's vision and support, we are creating an innovation platform that will accelerate how breakthrough nutritional technologies move from research into commercial reality for customers across Europe and beyond."

The Irish operation launches with a dedicated scientific team comprising a Senior Scientist, Scientist, and Junior Scientist reflecting CoreFX's commitment to technical excellence, applied research, and talent development.

Leading the expansion is Trevor Dunne, Managing Director of Europe. Trevor brings more than two decades of international leadership across the food, flavor and nutrition sectors and will lead commercial growth, customer partnerships, and strategic expansion throughout Europe.

Enterprise Ireland has worked alongside CoreFX since 2023, supporting the company's European strategy, research collaborations, and leadership development. Together with Teagasc Moorepark, the partnership provides a strong foundation for long-term innovation and growth.

Mark Christal, Executive Director, Enterprise Ireland said, "Congratulations to Denis and the team at CoreFX on today's announcement. Their investment is a strong endorsement of Ireland's food science and biotechnology sector. Since 2023, Enterprise Ireland has supported the company's growth strategy, and this new European headquarters — developed alongside Teagasc Moorepark — represents the next stage of that journey. We look forward to seeing the team and business grow from here."

Professor Mark Fenelon, Head of the Teagasc Food Research Programme, said, "Teagasc is delighted to welcome CoreFX to the Moorepark campus and looks forward to working together to build on our complementary strengths in food science and health. This collaboration aligns closely with the new Teagasc Strategy, Innovating for Impact, bringing together research excellence and industry expertise to foster knowledge exchange, address shared challenges and create new opportunities for innovation. CoreFX will leverage the extensive capabilities at the Moorepark site to develop value-added ingredients and the foods in which they are used."

About CoreFX

CoreFX is a science-driven biotechnology company advancing nutritional performance through its proprietary CoreNhanced™ technology platform. By combining breakthrough science with commercial execution, CoreFX enables global nutrition brands to solve complex formulation challenges involving stability, protection, transport, functionality, sensory performance and manufacturing efficiency. Operating across North America and Europe, CoreFX transforms scientific innovation into commercially successful health and wellness products.

For more information, visit www.corefxingredients.com

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About Enterprise Ireland

Enterprise Ireland is the Government of Ireland's trade and innovation agency, helping Irish companies start, scale, and grow internationally. Through its network of offices across the United States, Enterprise Ireland supports Irish companies in building market presence, securing customers and strategic partnerships, and establishing U.S. operations. The agency also works closely with U.S. food companies, investors and industry stakeholders to foster trade, innovation, and foreign direct investment opportunities between Ireland and the United States.

Enterprise Ireland has responsibility for Food and Beverage Foreign Direct Investment (FDI), recognizing the connected nature of the Food Supply Chain in Ireland and the specialists' skills that exist within the agency to deliver value to this important cohort of Irish-based businesses.

About Teagasc Moorepark

Teagasc Moorepark is one of Europe's leading food research and innovation centers which provides world-class expertise in food science, nutrition, and product development. Located in County Cork, Ireland, Moorepark collaborates with industry partners to advance research, accelerate innovation, and support the commercialization of new food and nutrition technology through state-of-the-art facilities and scientific expertise.