Ara Partners said it is expanding its investment in BioVeritas LLC, an ingredients maker for the food industry, with an additional $65 million commitment to the company that it acquired last year. The Bryan, Texas-based company develops ingredients from unused or discarded food products and is targeting food and feed makers as well as producers of health supplements and industrial materials, according to an emailed news release. The company pitches its products as climate-friendly alternatives to ingredients derived from petrochemicals.
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