Agrana acquires US-based organic distribution company
The group 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. 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.
Grace Marroquin, founder of Marroquin Organic International: “Teaming up with Agrana is a natural choice for us. We’ve been working with their outstanding product line for over 20 years, helping the industry to grow and innovate. The group is well-positioned to support the organic and non-GMO market as it continues to grow in North America”. Marroquin Organic International was founded by Grace Marroquin in 1991, when she recognized the need for certified organic, specialty ingredients in the US market.