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Food Ingredients

Solabia buys algae firm Algatech

by Melody M. Bomgardner
May 30, 2019 | APPEARED IN VOLUME 97, ISSUE 22

09722-buscon13-algatechcxd.jpg
Credit: Algatech
Algatech's algae photobioreactors are in Israel's Arava desert.

Solabia Group, a French natural-ingredients company, has acquired the Israeli microalgae specialist Algatech for an undisclosed sum. Solabia says it will support Algatech’s R&D and production capabilities so the firm can serve growing global demand for microalgae. Algatech raises algae in large photobioreactors and supplies them to manufacturers of nutrition, cosmetic, and food products.

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