INARCTICA acquired Russia's only enterprise for extraction and deep processing of brown algae of the White Sea - the Arkhangelsk Algae Plant. Transaction will allow the company to enter the growing market of algae and algae processing products, to develop in the sphere of biotechnologies and algae aquaculture. Its amount is not disclosed. Some of the former owners of AVC were previously associated with Inarctica, in particular, Inarctica CEO Ilya Sosnova had a minority stake in the combine.