Nestlé acquires majority interest in Terrafertil; collaborates with Nuritas
Nestlé has acquired a majority stake in Terrafertil, a company selling natural, organic, plant-based foods and healthy snacks. In other news, Nestlé has entered into a collaboration with Nuritas to discover bioactive peptide networks within specific target areas of significant value.
Nestlé acquires majority interest in Terrafertil; collaborates with Nuritas
Nestlé has acquired a majority stake in Terrafertil, a company selling natural, organic, plant-based foods and healthy snacks. The move widens Nestlé’s presence in a fast-growing category in Latin America, the United States, and the United Kingdom. The transaction includes all of Terrafertil’s operations and assets in the seven countries where it operates. Terrafertil will continue to be managed by its founders and will operate as a stand-alone entity.
Terrafertil, and its flagship brand Nature’s Heart, is recognized for its wide portfolio of natural and mostly organic products. It was founded in 2005 in Ecuador by five entrepreneurs and is managed by three founding brothers, David, Raul, and Daniel Bermeo. It quickly expanded its presence in Mexico, Colombia, Peru, Chile, and the United Kingdom. In 2017, it entered the United States with the purchase of Essential Living Foods. It employs 400 people and has four factories in Ecuador, Mexico, Colombia and Chile.
In other news, Nestlé has entered into a collaboration with Nuritas to discover bioactive peptide networks within specific target areas of significant value. To achieve the common goal, Nuritas will deploy its award-winning and novel technology platform, which uses artificial intelligence (AI) and DNA analysis to predict, unlock, and validate highly efficacious peptides, exclusively from natural food sources. Nestlé will use their considerable scientific knowhow and applications expertise to validate the efficacy of these new discoveries within the target applications.
“As our understanding of food and nutrition continues to grow, our global research and development network is looking ahead to discover how we can help enhance quality of life and contribute to a healthier future for everyone. Research partnerships such as that with Nuritas help us achieve that goal,” noted Richard Stadler at the Nestlé Research Center.