With the next investment, Nestlé says it...
Nestlé has completed its acquisition of a majority stake in Terrafertil, a major producer of goldenberries.
With the next investment, Nestlé says it aims to position itself as a leader in the plant-based food segment in its Americas zone.
“Consumers these days are increasingly looking for organic and natural food with high nutrient content,” said Laurent Freixe, CEO of Nestlé Zone Americas.
“We are delighted to have Terrafertil as part of the Nestlé family, as we believe that they have built an exceptional foundation in providing consumers with a wide range of high-quality modern nutrition products.
“This investment allows Nestlé to strengthen its presence in fast-growing categories such as healthy plant-based foods, beverages and snacks.
“It is also aligned with our vision to be the leading nutrition, health and wellness company,” he added.
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Nestlé didn’t disclose the size of the stake or the cost of the investment.
The global food and drinks company has made several investments in the health space in recent years.
In December, the firm spent $2.3bn on Canadian vitamin maker Atrium Innovations.
Nestlé also announced deals for Sweet Earth vegetarian foods and Blue Bottle coffee last September.
“Becoming part of the Nestlé group is like a match made in superfoods heaven,” said David and Raul Bermeo, two of the founding brothers of Terrafertil
“We will synergize the innovative spirit of Terrafertil with the strength of Nestlé in developing brands.
"We will combine forces to grow distribution, accelerate Research and Development, expand our marketing efforts, and most importantly, expand the positive impact we have on the communities and ecosystems where we operate.”