Nestlé buys majority stake in organic food company Terrafertil

By Laura Mullan
Nestlé has bought a majority stake in Terrafertil, a South American company that sells natural and organic plant-based food. The investment is the lat...

Nestlé has bought a majority stake in Terrafertil, a South American company that sells natural and organic plant-based food.

The investment is the latest step by Nestlé to shift its portfolio towards healthy food offerings to offset declining sales in the packaged foods sector. 

Nestlé did not disclose the financial sum of the investment or how big a stake it was taking in the company.

SEE ALSO:

Founded in 2005, Terafertil is an Ecuadorian company that sells natural and mostly organic products. It is also the world’s largest buyer of goldenberries (Physalis), an Andean superfood. 

As part of its growing interest in the healthy foods market, Nestlé spent US$2.3bn on the Canadian vitamin maker Atribum Innovations in December. 

It also announced deals for Sweet Earth vegetarian foods and Blue Bottle coffee last September. 

Speaking of its latest investment Laurent Freixe, CEO of Nestlé Zone Americas said, "We are excited to welcome Terrafertil and its employees to the Nestlé family. Its natural, organic and healthy products fully support Nestlé’s purpose to enhance the quality of life and contribute to a healthier future.

He added: “This investment allows us to strengthen our presence in fast-growing categories such as plant-based foods, beverages and healthy snacks, known as ‘superfoods’ due to their high natural nutrient content.”

Share

Featured Articles

Careers Passport: flagship programme to help jobseekers

A fast-track job scheme designed to remove barriers to enter the food and drink industry has seen over 1,000 training opportunities created.

Coca-Cola, Diginex & Reckitt tech to support supply chains

Respect for human rights is critical to good business, says Coca-Cola’s Paul Lalli, as the company joins diginexLUMEN to catch supply chain forced labour

Luxury food manufacturer Venchi on sustainable packaging

Cècile Osti, of luxury chocolate manufacturer Venchi, on Easter 2022, Sorrento lemons, sustainable packaging, natural ingredients & the pleasure of food

How has the pandemic affected sales at General Mills?

Food

Morrisons partners with Nestle in sustainability scheme

Retail

PepsiCo Launches pep+ a Strategic End-to-End Transformation

Drink