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
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