Israeli Biotech Company Algatech Expands Into Asia
Algatech bought a controlling stake in New Zealand-based microalgae cultivation company Supreme Health
Hagar Ravet | 15:21 03.04.2018
Israeli biotech company Algatechnologies Ltd., known as Algatech, bought a controlling stake in New Zealand-based microalgae cultivation company Supreme Health New Zealand Limited, a spokesman for Algatech told Calcalist on Monday.
For daily updates, subscribe to our newsletter by clicking here.The company did not disclose the financial terms of the deal nor the timeframe for its execution, but the spokesman for the company said the purpose of the deal is for Algatech to use Supreme Health’s existing marketing channels to launch its activity in Asia.