Nestlé completes acquisition of golden berry producer Terrafertil

By Laura Mullan
Nestlé has completed its acquisition of a majority stake in Terrafertil, a major producer of goldenberries. 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.

SEE ALSO:

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.”

Share

Featured Articles

Diageo Trials new Baileys Paper-Based Bottle

Diageo trials a dry moulded fibre bottle made of 90% paper by partnering with PA Consulting, as part of the Bottle Collective with PA and PulPac.

Unilever CEO Schumacher Lays out Plastics Roadmap

Unilever CEO Hein Schumacher sets out a roadmap to a Global Plastics Treaty, in wake of controversy that saw company criticised for watering down ESG goals

Ahold Delhaize Targets Sustainability & Omnichannel Goals

Multinational food business Ahold Delhaize prioritises sustainability and omnichannel innovation as part of its new plan for financial and strategic goals

US Bird flu Turns Spotlight on Milk Pasteurisation

Drink

Nestlé 'Meeting Sustainability Targets on Nescafé Coffee'

Sustainability

Coffee Prices Soar as Extreme Weather Hits Brazil & Vietnam

Drink