OR WAIT 15 SECS
The partnership allows AIDP to market and distribute Algaia’s alginates and other specialty marine-based ingredients in the U.S., Canada, and Mexico.
Algaia S.A. (Paris) and AIDP Inc. (City of Industry, CA) have forged a distribution partnership that allows AIDP to market and distribute Algaia’s alginates and other specialty marine-based ingredients in the U.S., Canada, and Mexico.
This partnership comes on the heels of Algaia’s acquisition of Cargill’s (Minneapolis) alginates business and manufacturing plant in January as well as Algaia’s opening of a new R&D center in Saint-LÃ´ last year, it says. In addition, Algaia reportedly invested €3 million during first-quarter 2017 in its manufacturing facility in Lannilis, France, located near fresh seaweed biomass. According to the company, the location enables it to manufacture high-quality products from “sustainable natural sources.”
The company is expecting significant growth in the North American market, it says. “This distribution partnership is a major step forward for Algaia, supporting our growth ambitions for USA, Canada, and Mexico,” said Fabrice Bohin, CEO, Algaia, in a press release. “We are anticipating double-digit growth. Together with AIDP, we will be able to provide expanded service to our customers requiring alginates while developing new opportunities for our algae-based ingredients line.”
Mark Thurston, president, AIDP, added: “We are delighted that AIDP will represent Algaia in the region and that we can add Algaia’s portfolio to our offering of products focused on meeting consumer demand for natural, wellness, and health products.”