Ocean Rainforest becomes majority owner of Mexico's Alamarsa

Seaweed producer Ocean Rainforest has announced the acquisition of a 60% stake in Mexico-based company Alamarsa, the owner of the Algamar brand, which produces biostimulants and food products derived from giant kelp and other seaweed species.

In a news release announcing the deal, Ocean Rainforest said the acquisition will significantly expand its product portfolio and strengthen its global market presence. The Faroe Islands-headquartered seaweed company indicated it plans to integrate Algamar’s expertise in seaweed extraction and processing with its own advanced open-ocean seaweed farming technology.

"Following this acquisition, Ocean Rainforest is now able to produce biostimulants and other advanced seaweed-based products, at its facilities in Santa Barbara, California, the Faroe Islands, and at Algamar’s processing facility in Ensenada, Mexico, sourced from seaweed species cultivated in both the North Atlantic and Pacific Oceans and serving the U.S., European, and Mexican markets," Ocean Rainforest stated.

"We are delighted to welcome Alamarsa and the Algamar brand to the Ocean Rainforest family. This acquisition aligns perfectly with our mission to provide sustainable solutions that support both agriculture and biodiversity," said Olavur Gregersen, CEO of Ocean Rainforest.

"Joining forces with Ocean Rainforest marks an exciting new chapter for the Algamar brand. With our combined expertise and shared vision for sustainable seaweed-based products - and with access to a wider variety of kelp species - we are well-positioned to scale our impact and deliver innovative solutions to markets worldwide," added Roberto Marcos, Founder of Alamarsa.