Nestlé Health Science has reached an agreement to acquire Brazilian nutrition and health lifestyle brand, Puravida.
Founded in 2015, Puravida produces organic, natural and plant-based foods, as well as “clean label” supplements.
Nestlé Health Science says that it shares the belief with Puravida that nutritional supplements, vitamins and minerals play a key role in supporting health and wellness – whether for people with an active lifestyle or for those facing health challenges.
The acquisition will enable Nestlé to expand its consumer health portfolio in Brazil. Puravida’s mix of products is said to complement Nestlé Health Science’s offering, which includes oral nutritional supplements, protein powders and ready-to-drink nutritional beverages.
Monica Meale, an executive responsible for Nestlé Health Science Latam, commented: “Bringing together Puravida and Nestlé Health Science’s deep expertise in nutrition research and development will result in further innovation, expanding the breadth and depth of the portfolio in the consumer and healthcare professional channels. Our retail presence will open new opportunities for Puravida’s growth and our strong network with healthcare professionals will expand the brand’s presence.”
The financial details of the transaction have not been disclosed.
© FoodBev Media Ltd 2022
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