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VIENNA - Germany’s Premium Food Group has acquired a stake in Austrian company REPLOID Group AG to develop joint upcycling projects for food production by-products, according to a press release statement issued Monday.
The strategic partnership aims to leverage REPLOID’s technology to close nutrient cycles more efficiently within food production processes, contributing to resource conservation efforts. Financial details of the investment were not disclosed.
REPLOID Group AG, listed on the Vienna Stock Exchange’s Direct Market Plus segment, specializes in technologies that transform biogenic waste streams into usable resources.
The announcement represents a cross-border collaboration between the German food producer and the Wels, Austria-based technology company as they seek to address sustainability challenges in food manufacturing.
The partnership will focus specifically on converting waste materials generated during food production into valuable resources through REPLOID’s upcycling technology.
REPLOID Group AG is led by CEO Philip Pauer and trades under the ISIN AT0000A3HRX5 on the Vienna Stock Exchange.
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