Marine ingredients company Algaia and Gelymar have agreed a long-term commercialisation and development partnership in the US.
Algaia is a leading producer of alginate and speciality algae extracts and represents Gelymar’s carrageenan (red seaweed extracts) portfolio in Europe, but both companies have also decided to use a joint commercialisation channel in the US.
As a result of the agreement, both Gelymar and Algaia will market their full portfolio of products in the North American region through AIDP Inc, Algaia’s current US distributor.
According to Algaia, this agreement will position Gelymar and Algaia as leading manufacturers of sustainable algae extracts for food, nutraceuticals and personal care products in the US.
Fabrice Bohin, CEO of Algaia said: “There are multiple synergies between both companies’ portfolios, and many customers in Europe had already expressed their satisfaction in obtaining both a full range of algae solutions and the proximity of regional R&D facilities and technical-commercial experts ‘speaking their own language’.
“We have a long history of trustworthy collaboration and both companies share the same obsession for customer satisfaction, sustainable sourcing, waste valorisation, environmental protection, CSR, highest industry standards, agility, and innovative spirit. As of now, our US customers will be able to benefit from these synergies as well.”
Andres Hohlberg, CEO of Gelymar added: “Until recently, food or personal care manufacturers willing to have direct relationship with a one-stop-shop producer in the field of seaweed extracts had a limited choice.
“Gelymar and Algaia remain independent companies in term of equity but both companies share the same ethics, mindsets and value proposition with their manufacturing facilities being located next to abundant fresh seaweed biomass.
“As we like to say, we both share the same ‘ethiquity’ in the way we serve the market in its evolution toward natural and sustainable sourcing.”
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