Kerry acquires Pevesa Biotech
Kerry has expanded its non-allergenic and organic plant protein capability by acquiring the Spanish company Pevesa Biotech, a producer of non-allergenic, non-GMO plant proteins for the infant, general, and clinical nutrition markets.
Kerry has expanded its non-allergenic and organic plant protein capability by acquiring the Spanish company Pevesa Biotech, a producer of non-allergenic, non-GMO plant proteins for the infant, general, and clinical nutrition markets. The acquisition enhances Kerry’s position in the hydrolyzed plant protein space for specialized nutrition and expands the company’s capacity to serve the rapidly growing organic plant protein market.
“Kerry is extremely pleased to bring the global expertise of Pevesa into our leading plant protein portfolio,” said John Reilly, vice president of business development, proteins, at Kerry. “Kerry was attracted to Pevesa because of its expertise, innovation, high-quality manufacturing leadership, and patented technology in the non-allergenic plant protein market. This will be a good fit with Kerry’s growing plant protein product portfolio, and Pevesa’s customers will benefit from the synergy between its market-leading technology and Kerry’s protein processing expertise.”
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