22/05/2017

Algaia strengthens its positions in the North American marine ingredients market

Paris, France — Algaia SA, and AIDP Inc. announce they have entered into a distribution partnership to market Algaia’s alginates and other specialty marine based solutions to customers in North America and Mexico.

This distribution partnership begins on June 1st 2017. The deal was finalized during the Vitafoods, in Geneva, where several companies of ALGAIA’s main shareholders, Maabarot Products Ltd and Demeter were also represented.

“This distribution partnership is a major step forward for Algaia and supports our growth ambitions in North America and Mexico where we target double digit growth” says Fabrice Bohin, Chief Executive Officer of Algaia. “Together with AIDP, we will be able to provide full-service to our customers for alginates and develop new opportunities out of our algae based ingredients line.”