Nestle SA said Friday that it has acquired a majority interest in organic plant-based foods and snack company Terrafertil.
Nestle said the move widens its presence in Latin America, the United States and the United Kingdom. No financial details of the transaction have been made available.
Terrafertil employs 400 people and has four factories in Ecuador, Mexico, Colombia and Chile. It was founded in 2005 and is managed by three founding brothers.
The transaction includes all of Terrafertil’s operations and assets in the seven countries where it operates. Nestle said that Terrafertil will continue to be managed by its founders and will operate as a stand-alone entity.
By Anthony Shevlin
Source: MarketWatch
The facility is designed to foster innovation and deepen collaboration with customers, by offering a range of new services and solidifying its role as a central hub for customer support. Tereos’ team, supported by a network of 50 scientists, will ensure customers can innovate and meet the rising consumer demand for healthier and more sustainable products.
Glanbia has agreed to acquire Flavor Producers from Aroma Holding for an initial consideration of $300 million. Flavor Producers is a US-based flavour platform, providing flavours and extracts to the F&B industries, with a focus on organic and natural ingredients.
Lesnard, who previously worked at Nike, The North Face and Sephora, has a mission to “grow and sustain GODIVA’s position and expertise in the premium chocolate category, leveraging ongoing support from pladis to take GODIVA and its legendary chocolate to new heights.”
