Global leader in microalgae industry Algatech appoints new CEO24 Sep 2019
Algatech has announced the appointment of Mr Doron Safrai as its new Chief Executive Officer.
Mr Safrai’s appointment comes at an important moment in the company’s development as the company now looks forward to the launch of a new product related to the use of β-1,3-glucan derived from microalgae Euglena gracilis. This will be Algatech’s third commercial product alongside FucoVital™ and AstaPure® Astaxanthin.
In May 2019, Algatech joined the Solabia Group, a global leader in biotechnology, fine chemicals and plant extraction technologies, as its nutrition platform for existing products. The company believes that with Solabia’s backing and global footprint, coupled with the fresh vision of a new CEO, will support the acceleration of its growth trajectory as it expands its global microalgae product offering and cements its credentials as a company at the cutting-edge of developments in the sector.
Geoffroy Madelin, General Manager of Solabia Group commented: “We look forward to working closely with Mr Safrai in this new phase of the company’s development as part of the Solabia Group. With Mr Safrai’s oversight and direction, Algatech is well positioned to accelerate its growth by building on Solabia’s and Algatech’s existing specialist knowledge and infrastructure and capitalising on a still largely untapped market”.
Commenting on the appointment, Mr Doron Safrai, Chief Executive Officer of Algatech, said: “I am delighted to be joining Algatech at such an important time in the company’s development. It is already a market leader, pioneering some of the world’s most exciting and promising microalgae products that will have a transformational impact on human and animal health over the coming decades. I look forward to working closely with the unparalleled team at Kibbutz Ketura and our partners at Solabia Group to take Algatech forward into the next chapter of its growth.
Mr Safrai will join other members of the Algatech team at October’s Supply Side West summit in Las Vegas.
PepsiCo trials digital watermark to facilitate recycling in EU
18 Sep 2020
To help tackle the looming issue of waste management in the European Union, PepsiCo is partnering with a consortium of 85 industry stakeholders and the European Brands Association (AIM) to pilot a digital watermark technology aimed at making recycling ...Read more
Plant-based food maker Laird Superfood files for $40M IPO
17 Sep 2020
Laird Superfood, a company founded by the surfer Laird Hamilton, is riding the IPO wave and filed for a $40 million fundraise from investors to appear on the New York Stock Exchange. The company indicated it will use the symbol “LSF.”Read more
Canadian non-alcoholic beer brand raises $4 Million
15 Sep 2020
Canadian non-alcoholic beer brand Partake Brewing raised $4 million in a Series A funding round led by San Francisco-based equity firm CircleUp Growth Partners. Additional participation in the round came from Export Development Canada (EDC), Natural Pr...Read more
French meat producers found to not abide by labeling requirements
15 Sep 2020
More than one-third of French meat producers are not complying with meat labeling and traceability requirements, according to an investigation by the country’s Directorate-General for Competition, Consumer Affairs and Fraud Control (DGCCRF).Read more
Enfamil launches infant formula containing A2 milk proteins
14 Sep 2020
Infant formula brand Enfamil launched a new, FDA-regulated line containing only A2 milk proteins and the omega-3 protein DHA, a key building block in brain and eye development. The A2-only dairy is sourced directly from European cows that naturally pro...Read more
Spike in counterfeit goods could damage ‘Make in India’ initiative, warns report
14 Sep 2020
Counterfeit products are rising in India and fast-moving consumer goods, including food, is in the top three worst-hit sectors. Greater traceability is needed to safeguard the national ‘Make in India’ initiative, says an industry report.Read more
Reese’s launches snack cakes for breakfast
11 Sep 2020
Consumption of sweets and treats has increased in the United States as a result of the pandemic, and now consumers will have yet one more occasion on which to indulge: breakfast. Hershey’s just announced its Reese’s Snack Cakes, a chocolate cake filled...Read more
Stericycle releases an analysis of food recalls in the U.S
10 Sep 2020
As a result of the limited regulatory oversight activities by the U.S. Food and Drug Administration and the U.S. Department of Agriculture during the pandemic, food recalls dropped 44% in the second quarter, according to a report from the Stericycle. A...Read more
Introducing Fi Europe CONNECT 2020
10 Sep 2020
Presenting Fi Europe CONNECT – a virtual event designed to give you the global access, tools and collaboration opportunities to meet your business objectives.Read more
PepsiCo’s Naked smoothies switch to 100% recycled plastic in the UK
9 Sep 2020
In the UK, Naked smoothies, including Naked Machines, Naked Lean and Naked Zing are now rolling out in bottles that are made from 100% recycled plastic. PepsiCo also updated the labels on these bottles to attract consumers attention to the use of the r...Read more
Are you a supplier
Here's what we can do for you
- Generate quality leads for your business
- Stay visible for 365 days of the year
- Receive product inquiries and respond to meeting requests directly
- Improve company online presence through Search Engine Optimisation