Algea

This article is about the Norwegian company. For the mythological spirits of pain, see Algos.
Not to be confused with Algae.

Algea is a Norwegian multinational operating in the chemical industry and manufacturing seaweed-based fertilizer ingredients.

History

Algea Produckter As was founded in 1937 by Haakon Torgersen. The Neptune’s trident logo identified the company until 1987.

Algea was acquired by Protan, when its international level was already evident: it exported 50% of its production of seaweed meal to the Netherlands, UK, France and the USA. In 10 years, from 1960 onwards, Algea built several plants along the Norwegian coast, including that of Brønnøysund, which still exists today. The commercial results also made it possible for the company to invest in research and develop a new method of production that would revolutionize the market. In the 1980s, supported by proven beneficial properties of its products, Algea diversified production, extending it to animal feed, including fish food, and cosmetics. Protan was in turn acquired by the Securus group. The logo of the latter, a double "S", was used by Algea from 1987 to 1994.

In 2000, the company acquired Maxicrop, an English company specializing in the production of seaweed extracts, as well as Frøytang, a Norwegian company at the time leader in production of seaweed products for human and animal consumption. In 2002 the Valagro group, a manufacturer of biostimulants, acquired Algea and started a process of restructuring and development of its image. Following the restructuring, Algea entered the functional food and food supplement ingredients markets as well as the cosmetic ingredients market.

Algea Businesses

External links

This article is issued from Wikipedia - version of the 8/9/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.