Acquired 100% of shares in the US distribution company Marroquin Organic International Inc
The fruit, starch and sugar group AGRANA is expanding its distribution activities in its starch segment and has acquired 100% of shares in the US distribution company Marroquin Organic International Inc. based in Santa Cruz (California).
Marroquin Organic has 29 years of experience supplying organic and non-GMO ingredients and has grown to over $20 Million in annual revenue. Marroquin Organic International is a long-standing distribution partner of AGRANA Stärke-GmbH.
AGRANA CEO Johann Marihart: “Marroquin Organic International is a pioneer in the organic and non-GMO food ingredient sector in the USA and enjoys a correspondingly high reputation in the market. This acquisition is a perfect fit in terms of implementing our specialities strategy in the starch segment. AGRANA possesses many years of experience in the production of specialty starches and is increasingly focusing on baby food and clean label starches which have not been chemically modified. The organic origins and non-GMO status of our products are increasingly appreciated by customers and users alike, particularly in the USA where, with starch largely being based on genetically-modified corn, demand for non-GMO starches is rising.” With a volume of USD 17 billion (2017), the US market for packaged organic foods, the world’s largest according to Euromonitor, is forecast to grow 8.2% per year in the period to 2023.
In its starch segment, AGRANA processes potatoes, corn and wheat to make numerous different starch products for the food, cosmetic and pharmaceutical industries as well as for numerous technical applications. With three starch mills in Austria and a production site in both Hungary and Romania respectively, AGRANA has established itself as a key producer of customer-oriented speciality products. As part of its specialities strategy, AGRANA offers the food industry a wide range of non-GMO and organic products.