Alvinesa aims to lead global upcycled ingredients market with Genosa acquisition
The Spanish firm, which specialises in the extraction of grape derivatives for nutraceuticals, wine, food, animal feed and energy sector, hopes to strengthen its position as a key player in the upcycled natural ingredients market with the acquisition of the local olive oil extracts business.
Established in 1993, Alvinesa Natural Ingredients aims to be a “circular economy” global leader of sustainable plant-based ingredients through the upcycling of agricultural coproducts from wine industry into valuable natural ingredients.
The firm's portfolio of natural ingredients, sold across 25 countries, includes the flagship brand, Vintera, which focuses on grape extract rich in polyphenols.
The Vintera brand has gained recognition for its quality, food protection capabilities and the numerous health benefits associated with its polyphenol content.
In addition, its portfolio includes natural colour, grape seed oil, natural flavour (wine concentrate) and natural tartaric acid. It also was the first to produce and sell high-purity upcycled hydroxytyrosol (Hytolive) derived from olive fruit.
Their patented international process utilises only physical and mechanical methods, abstaining from the use of solvents, ensuring quality and environmental responsibility.
Jon Fernández de Barrena, Alvinesa CEO, says: "This acquisition presents a unique opportunity for Alvinesa Natural Ingredients to further expand its ingredient range and leverage the synergies between both companies to drive innovation and customer value."
As part of the integration process, Alvinesa will be exploring ways to leverage Genosa's expertise and technologies to enhance its product range.
"We are thrilled by the potential this acquisition brings. Hand in hand, we remain dedicated to innovation, delivering exceptional ingredients, and shaping the future of the upcycled natural ingredients industry while staying committed to environmentally responsible practices," adds Fernández de Barrena.
As part of its global expansion plans, Alvinesa recently acquired Catalonian grape derived sustainable ingredients manufacturer Cades Penedes in a move to expand its manufacturing capabilities by 20%.
"Alvinesa is relatively new to the nutraceutical sector, having entered a couple of years ago," Fernández de Barrena adds. "However, the company has made substantial investments and is vigorously pursuing growth through recent acquisitions.
"In addition to that, Alvinesa is actively engaged in clinical studies focused on their key ingredients, grape and olive extracts. We are also dedicating resources to research and development of these natural antioxidants in the field of food protection, with the aim of naturally extending the shelf life of food products and preventing microbiological deterioration."
