Sector News

Döhler acquires majority stake in ingredients company Nutrafood

October 22, 2018
Consumer Packaged Goods

Natural ingredients manufacturer Döhler Group has acquired a majority stake in Italian firm Nutrafood as it aims to boost its plant-based food and beverage offer.

Döhler said it was drawn to Nutrafood’s “extensive expertise and ability to provide plant-based ingredients for food and beverages”. It expects the deal to create “unique synergy effects”.

The company added that customers will be able to benefit from a more complete product range and improved efficiency of the two businesses with regard to customised all-in-one solutions.

Nutrafood produces a range of spreads, plant-based drinks and hypoallergenic products.

In a statement, Döhler said: “Döhler Group and Nutrafood are convinced that this step is a milestone on the path towards a leading position in the plant-based nutrition segment, while simultaneously strengthening their respective positions. Nutrafood will continue and enhance its core business of plant-based foods and beverages.

“Both companies will join forces to drive innovative products and solutions that are in line with current consumer trends.”

Figures released earlier this year revealed that the number of new food and beverage products featuring plant-based claims increased by 62% CAGR globally between 2013 and 2017. Growing consumer interest in health, sustainability and ethics is said to be driving plant-derived ingredients and products into high popularity.

Source: FoodBev

comments closed

Related News

July 14, 2024

ADM appoints Monish Patolawala as EVP and CFO

Consumer Packaged Goods

ADM has announced the appointment of Monish Patolawala as its new executive vice president and chief financial officer, effective 1 August 2024. Patolawala, who brings over 25 years of experience in managing global finance and technology teams, will succeed Ismael Roig. Roig has been serving as ADM’s interim CFO since January.

July 14, 2024

Carlsberg to acquire Britvic for £3.28BN in UK soft drinks expansion

Consumer Packaged Goods

UK Pepsi bottler and soft drinks maker Britvic has agreed to a takeover bid of £3.28 billion (US$4.2 billion) from Carlsberg. The move is expected to allow the Danish brewer to expand its drinks bottling operations in the UK and beyond beer.

July 14, 2024

Unilever to slash a third of European workforce

Consumer Packaged Goods

Unilever plans to cut a third of its office-based roles in Europe by the end of 2025, the consumer goods giant has said. It comes after it announced in March that it would be cutting costs, affecting about 7,500 roles globally. The firm said it would begin a consultation process with those affected by cuts in Europe, with about 3,200 jobs being axed in the region.

How can we help you?

We're easy to reach