Murugappa group firm EID Parry has acquired Chile-based Alimtec, part of the Bayer group."EID Parry has acquired 100 per cent stake in Alimtec SA, Chile part of the Bayer group," the company said in a filing to the BSE.
With this acquisition, EID Parry would ensure reliable sourcing of astaxanthin - a strong antioxidant used in cosmetics, herbal products and dietary supplements - for its subsidiary US Nutraceuticals LLC (Valensa). The entire production of Alimtec will be used by Valensa for its Astaxanthin products catering to US and Europe markets, the filing added.
Alimtec is in the business of producing haematococcus pluvialis biomass, a cultured micro-algae a rich natural source of Astaxanthin.
With this acquisition, EID Parry would ensure reliable sourcing of astaxanthin - a strong antioxidant used in cosmetics, herbal products and dietary supplements - for its subsidiary US Nutraceuticals LLC (Valensa). The entire production of Alimtec will be used by Valensa for its Astaxanthin products catering to US and Europe markets, the filing added.
Alimtec is in the business of producing haematococcus pluvialis biomass, a cultured micro-algae a rich natural source of Astaxanthin.