Algaia Completes Deal with Cargill’s Alginate Firm to Strengthen Seaweed Portfolio
Algaia has strengthened its growth in specialty marine ingredients by acquiring Cargill’s Alginate business and manufacturing plant. The newly acquired plant is strategically positioned in Lannilis, Brittany next to a large natural brown seaweed resource where over 60,000 tons of fresh biomass are collected annually in a sustainable and regulated manner.
It should be mentioned that recently Algaia acquired a start-up company, Alganact SA which specializes in seaweed biomass valorization.
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| | posted by Gayathri
