# JRS Group acquires Algaia SA

The JRS Group has acquired Algaia SA, a producer of seaweed extracts and hydrocolloids. The acquisition includes Algaia's site in Lannilis, Brittany, and strengthens JRS's seaweed business.

- Type: Acquisition
- Announced: 2023-03-22
- Where: Lannilis, Brittany, France
- Status: completed
- Products: seaweed extracts, hydrocolloids
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [JRS Group](https://endata.com/companies/43126.md) (acquirer)
- [Algaia](https://endata.com/companies/69354.md) (target)

## Sources

- [algaia.com](https://www.algaia.com/en/index.php/2023/03/27/algaia-acquired-by-the-jrs-group/), 2023-03-27: "The acquisition of Algaia enables far-reaching synergies with our existing alginate business and underlines our commitment to provide outstanding innovative seaweed-based solutions to our global customers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.