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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

Micro algae in bioreactors.
Credit: iStock
Microalgae is a source of food supplements and cosmetic ingredients.

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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