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Food Ingredients

Alginate businesses ebb and flow

by Melody M. Bomgardner
June 3, 2018 | A version of this story appeared in Volume 96, Issue 23
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This photo shows Algaia's processing plant, and brown seaweed, in Brittany, France.
Credit: Algaia
Algaia processes seaweed at this plant in Brittany, France.

France’s Algaia will expand its specialty algae extracts business in Brittany and Normandy thanks to a $4.6 million investment by its main shareholder, Maaborot Products. Algaia buys seaweed from local Brittany fishermen and processes it into carageenan, alginates, and extracts. Separately, DowDuPont will sell its legacy alginates business to JRS Group, a German ingredients firm. The European Commission made the sale a condition for approving DuPont’s 2017 acquisition of FMC’s health and nutrition business, which included an alginates operation.

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