Algaia, S.A. (France) has announced a new, long-term commercial and development agreement with its strategic partner, Gelymar S.A. (Chile).
As of January 2019, Algaia, a global player in the field of alginate and specialty algae extracts, will not only continue to represent Gelymar in Europe for carrageenan (red seaweed extracts), but both companies have also decided to use a joint commercialization channel in the U.S.
Both Gelymar and Algaia will market their products in the North American region through AIDP Inc., Algaia’s current U.S. distributor. This agreement for North America will position Gelymar and Algaia as leading manufacturers of sustainable algae extracts for food, nutraceuticals and personal care products, offering an extensive range of algae ingredients. Their whole portfolio of solutions will be available through AIDP Inc.
“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,” said Andres Hohlberg, CEO of Gelymar. “Gelymar and Algaia remain independent companies in terms 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. 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.”