ZURICH (P3P) – Nestle (NESN.S) mentioned on Friday that it has purchased a majority stake in Terrafertil, an organization promoting pure and natural plant based mostly meals.
The transfer is the most recent step by Nestle to increase its profile in wholesome meals because it seeks to offset weak spot within the packaged meals sector.
Nestle didn’t say how a lot it was paying and the way large a stake it was taking within the firm, which was based in Ecuador in 2005, earlier than increasing in the remainder of South America and Britain and the US.
As a part of its well being ramp up, Nestle spent $2.three billion (1.65 billion kilos) on Canadian vitamin maker Atribum Improvements in December. It additionally introduced offers for Candy Earth vegetarian meals and Blue Bottle espresso final September and Chameleon Chilly-Brew espresso in November.