Sector News

Nestle buys Allergan business to expand in medical nutrition

January 28, 2020
Food & Drink

Nestle on Monday said it is buying Allergan’s Zenpep to expand in medical nutrition with a product for people who cannot digest food properly because their pancreas does not provide enough enzymes to break down fat, protein, and carbohydrates.

Zenpep had sales of $237 million in 2018.

“This is a significant opportunity for our business in the United States to add a complementary product to our existing range of nutrition products that support food ingestion, digestion and absorption,” said Greg Behar, head of Nestle Health Science in a statement.

By John Miller

Source: Reuters

Related News

October 24, 2020

Cargill to construct a $150m biodiesel plant in Belgium

Food & Drink

Cargill is investing $150 million in a new plant that produces advanced biofuels from waste and residues, in an effort to further promote circular economy.

October 24, 2020

European Parliament votes against ‘veggie burger ban’

Food & Drink

The European Parliament has voted to reject the ban on plant-based products using names typically associated with meat products, but has voted in favour of a plant-based dairy ban.

October 24, 2020

Chili-shaped portable smartphone device easily identifies pepper’s heat level

Food & Drink

Researchers have developed a portable device that detects how much capsaicin a pepper contains with the help of a smartphone.

Send this to a friend