23 May 2019 --- Solabia Group has acquired Algatech Ltd., a global innovator in the development, cultivation and commercialization of ingredients delivered from microalgae. Solabia, a family-owned company working closely with its minority partner TA Associates, specializes in biotechnology, fine chemicals and plant extraction technologies. Solabia provides a range of active ingredients used by the cosmetics, pharmaceutical, diagnostic and nutrition industries worldwide. Algatech will reportedly become the centerpiece of Solabia’s nutrition division. Financial terms of the transaction were not disclosed.
