The acquisition brings flavor design and manufacturing expertise to Glanbia, a company specializing in cheese, nutritional ingredients, flavors, and more.
The Ireland-based ingredients supplier sought these companies out to formulate clean-label solutions for food preservation, in lieu of artificial ingredients.
With growing demand for plant-based products, the purchase of the Spanish plant-based protein company will establish Kerry’s foothold in a burgeoning sector.
One Rock Capital Partners said it would seek to maximize Innophos’ growth potential by expanding its presence in high-growth food, health and nutrition markets.
Algatech has realized high double-digit top-line growth over the last several years, and predicted this trajectory would accelerate with Solabia’s backing.