BGG and Solix Algredients have merged to form a new company, which will supply functional ingredients to clients in the food and beverage industry.
Headquartered in Fort Collins, Colorado, the new company will consolidate the operations of BGG, Algae Health Sciences and Solix Algredients into one singular entity.
BGG-Solix Algredients’s combined portfolio of natural ingredients are sourced from three sectors: Algae, fruits and plants, including natural astaxanthin, DHA Omega-3 fatty acids, Vitamin E tocotrienols, apple polyphenols and fruit/berry extracts.
According to the company, the combined business will invest in a new Colorado-based production facility, which will focus on the supercritical carbon dioxide extraction of natural astaxanthin and other products.
Chunhua Li has been appointed as the co-chairman of the new company, and he said: “When I founded BGG, my goal was to make it easier for consumers to manage their personal health and wellness.
“I am thrilled that our new company strengthens our leadership role in natural antioxidants while expanding our capabilities into new markets and applications.”
Former Cargill and Solix Ingredients executive Charlie Bowman has been appointed managing director of the new company and he added: “Our portfolio of natural extract, functional ingredients is well-aligned with current and emerging consumer demand.
“We are strongly positioned to support our global customers’ business and marketing strategies, and are excited to work together.”
Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.
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