Tilley Company has acquired Ingredients Solutions, further expanding its current product portfolio of specialty chemicals and lubricants. This is the first acquisition of the Baltimore-based company, after forging a partnership with SK Capital in 2020. This new business will bring in a range of products created from renewable plants and algae, including its full line of hydrocolloid products for the food and beverage industry. The latter offerings are available in organic-allowed, natural and … [Read more...] about Tilley Company’s acquisition of Ingredients Solutions completed
Ingredients
Sang Shin is new Aloecorp Inc. President, CEO
Succeeding Kyeong (KS) Yoon, Sang Shin has been appointed as the new President and CEO of Aloecorp. He took over duties and responsibilities beginning August 1, 2021. He worked in Unigen, one of the sister companies in the ECONET group of companies since 2004 to support business expansion through accounting and finance activities. After 11 years, he transferred to ECONET Holdings. He spent the next three years as CFO, then another three years as the COO and president. He was in charge of … [Read more...] about Sang Shin is new Aloecorp Inc. President, CEO
Angel Yeast set to acquire Bio Sunkeen for a boost in production capacity
The yeast market is looking to be one that’s poised for rapid growth from 2021 to 2025. While the segment is forecasted to expand, there is a concern regarding meeting this demand. There is also currently a molasses shortage, which has made it difficult to produce yeast-based ingredients. To address future capacity gaps and further strengthen its position in the industry, Angel Yeast has announced its acquisition of Bio Sunkeen’s yeast business and related assets. Angel Yeast will be able to … [Read more...] about Angel Yeast set to acquire Bio Sunkeen for a boost in production capacity
