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Business
Frutarom Invests In Microalgae Firm
by Melody M. Bomgardner
January 11, 2016
| A version of this story appeared in
Volume 94, Issue 2
Israeli flavors maker Frutarom has invested $2.6 million in microalgae producer Algalo for a 50% stake in the firm. The move is part of Frutarom’s expansion into natural ingredients for food, supplements, and cosmetics. Algalo is a start-up that has developed cultivation, harvesting, and processing methods for different types of algae.
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