The Europe-wide distribution agreement includes Fermentalg’s Omega 3-rich algal oil DHA350, which was launched earlier this year, in addition to a high concentrate algal oil called DHA550 which is scheduled to launch in the first half of 2018.
The French company said its current business model focuses on an ‘indirect sales process’ which sees it partner with other companies and distributors.
Several partnerships are currently in negotiation along these lines, said Fermentalg.
The news of the algal oil distribution deal comes as Fermentalg published its third quarter business review, which also revealed a new strategic partnership with DIC Corporation in the pigments area and successfully raising €12.6 million funds as part of a capital increase.
This capital increase will provide the company with additional resources to finance its development, particularly in the partnership with DIC Corporation, in the market for natural food dyes and health nutrition.