JRS Group Acquires Seaweed Extract Producer Algaia
JRS Group, a manufacturer of functional ingredients from plant-based raw materials, has acquired Algaia SA, a producer of sustainably-produced seaweed extracts and hydrocolloids. The acquisition sets another milestone in JRS’ seaweed business.
Both businesses harvest seaweed along the Atlantic coast of Brittany, which is one of the largest fresh seaweed fields in Europe. JRS said that by joining forces with Algaia they’ll be able to further meet the growing global demand for “natural, renewable and biodegradable solutions for a wide range of industries.”
“The acquisition of Algaia enables far-reaching synergies...
To Read Full Story Login Below.