Solabia Group acquires Algatech

摘要

Solabia Group has announced the acquisition of Algatech Ltd., which specializes in the development, cultivation and commercialization of ingredients derived from microalgae for supplement, food and cosmetic brands. In to the announcement, Algatech, which is based in the Arava desert in southern Israel, will become the centerpiece of Solabia's nutrition division. The acquisition will allow the companies to benefit from an extended network and base of expertise, as well as new marketing channels and an expanded customer base. Solabia will work with Algatech's team to accelerate the growth of its product portfolio and develop new algae-based products for the cosmetics and pharmaceuticals industries.