International Specialty Products (ISP) continues to consolidate its position on the ingredients market with the news this week that it has acquired Brazilian ingredient systems company Germinal.
Founded 10 years ago to supply the meat and dairy industry in southern Latin America, Germinal has a manufacturing facility at its headquarters in Cabreuva, Brazil.
Sunil Kumar, ISP president and CEO, commented: "We are pleased to welcome the Germinal employees to the ISP family. The acquisition of Germinal is a positive addition to the ISP Food Ingredient Business and continues our expansion in high value speciality products,"
ISP specialises in alginate products obtained from brown seaweed including alginate salts, alginic acid, and propylene glycol alginate. The ISP alginates business is supported by two manufacturing facilities in Girvan, Scotland, and San Diego, California.
Following the purchase of remaining stock by its chairman and majority stockholder Samuel J. Heyman, ISP was privatised in March this year.