Alvinesa Natural Ingredients has announced the acquisition of Genosa, a producer of upcycled natural hydroxytyrosol derived from olive.
The Spanish plant-based ingredients company said that its acquisition of Genosa marks a significant milestone in its growth strategy and strengthens its position in the upcycled natural ingredients market.
Alvinesa upcycles and transforms agricultural coproducts from the wine industry into natural ingredients for food, beverages and nutraceuticals. Among its portfolio offerings is its flagship brand, Vintera, which focuses on grape extract rich in polyphenols, alongside natural colours, grape seed oil, natural flavours (wine concentrate) and natural tartaric acid.
Genosa’s high-purity natural hydroxytyrosol extracts are derived through a patented international process that utilises only physical and mechanical methods that abstain from the use of solvents.
The acquisition aims to further expand Alvinesa’s ingredient range and leverage the synergies between both companies to drive innovation and customer value. According to Alvinesa, it will be exploring ways to leverage Genosa’s expertise and technologies to enhance its existing product range as part of the integration process.
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