Algaia, S.A. (Paris, France), and Gelymar, S.A. (Santiago, Chile) have a new long-term commercial and development agreement for their strategic partnership. Algaia is a manufacturer of alginates and specialty algae extracts, and Gelymar specializes in the manufacturing of carrageenan. As part of the new agreement, Algaia will continue to represent Gelymar in Europe, and both companies have decided on using a joint commercialization channel in the U.S., marketing their products in the North America region through AIDP Inc. (City of Industry, CA), which currently serves as Algaia’s U.S. distributor. The entire product portfolio of both companies will be available through AIDP, positioning Algaia and Gelymar as leading manufacturers of sustainable algae extracts.
“Gelymar and Algaia remain independent companies in term of equity but both companies share the same ethics, mind-sets and value proposition with their manufacturing facilities being located next to abundant fresh seaweed biomass,” explained Andres Hohlberg, CEO of Gelymar, in a press release. “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.”
“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,’” said Fabrice Bohin, CEO of Algaia, in a press release. “We have a long history of trustworthy collaboration and both companies share the same obsession for customer satisfaction, sustainable sourcing, waste valorization, environmental protection, CSR, highest industry standards, agility, and innovation spirit. As of now, our US customers will be able to benefit from these synergies as well.”