The terms of the transaction are not being disclosed.
Created in 1991, Vital Foods has two well-established products on the market in New Zealand: Kiwi Crush and Phloe. Both products are based on a natural kiwifruit extract, and have been clinically shown to be effective against constipation.
The transaction gives Nestlé Health Science a seat on the board of Vital Foods.
Nestlé Health Science also announced the completion of its acquisition of Prometheus Laboratories Inc, a company that specialises in diagnostics and in-licensed specialty pharmaceuticals in gastroenterology and oncology.
Source: Nestlé
© FoodBev Media Ltd 2024