Solabia to acquire of Algatech, a global leader in the microalgae industry.

Solabia acquired Algatech, a global innovation leader in the development, cultivation and commercialisation of ingredients delivered from microalgae and used by leading food supplement, food and cosmetic brands worldwide. Financial terms were not disclosed. Solabia, a family-owned company working closely with its minority partner TA Associates, is a global leader in biotechnology, fine chemicals and plant extraction technologies, and provides a range of active ingredients used by the cosmetics, pharmaceutical, diagnostic and nutrition industries worldwide. “Following our acquisition of Algues & Mer in 2016, this investment will allow us to further strengthen our position in the nutrition and food supplement markets. We are looking forward to working with Algatech and its accomplished team to accelerate the growth of its current product portfolio, as well as to develop new algae-based products for the cosmetics and pharmaceuticals industries." Gerard Josset Solabia Chief Executive Officer.