Vegan Non-Fish EPA Omega-3 company AlgiSys is collaborating with industry partners to satisfy demand in these high-value markets for omega-3 EPA and vegan protein products.
AKRON OHIO, USA – June 8, 2020 —
Seasoned Veteran Peter Colella has joined the AlgiSys team in the pursuit of protecting the worlds’ natural resources and improving human and animal health. Colella assumes the role of CEO and has been active in corporate finance activities on a national and international level over the course of his 40-plus year career. His background includes Chairman and CEO of the Colmen Group, along with Chairman, CEO and COO of a number of companies requiring growth initiatives. Prior to Colmen, Colella was CFO of a division of Berwind Corporation and a financial executive for the North American operations of Royal Doulton China. Colella’s areas of specialization include corporate finance, investment banking, business consulting services, including mergers and acquisitions, joint ventures, profit improvement and growth initiatives in both private and public companies.
The global omega-3 supplements market size is expected to reach a value of USD $57 billion by 2025 according to Grand View Research. Additionally, the market for plant-based proteins is estimated to grow from $18.5 billion to exceed $40 billion by 2025, according to research and markets. AlgiSys is collaborating with industry partners to satisfy demand in these high-value markets for omega-3 EPA and vegan protein products.
“Not all algae production methods are created equal,” states Peter Colella, corporate finance, business operations and M&A expert, “ AlgiSys uses environmentally friendly fermentation technology that provides the highest output by far of any current algal processes, making it controllable, economically viable, and easily scaled.”
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About the Company:
AlgiSys LLC, an Environmental, Social, Governance (ESG) company produces EPA omega-3 products from microalgae, replacing fish, its primary source. AlgiSys is creating an environmentally sustainable and economically viable source for high quality, all natural, omega-3 EPA and plant-based vegan protein with seven international patents.
Release ID: 88961830