- Oct 18, 2024
- 1 min read
Updated: Oct 29, 2024
North American ingredient solutions provider NutriScience Innovations has acquired XSTO Solutions. XSTO is a value-added supplier of nutraceutical and functional ingredients, based in New Jersey, US.
The acquisition will help NutriScience expand the functional and science-backed health benefits of its product lines and will deepen partnerships with its supply partners to develop new products that meet changing consumer needs.
The transaction adds six new branded products to NutriScience’s portfolio of ingredients and strengthens its position in supplying ingredients to leading brands in the wellness, food and beverage industries. The company says it now offers solutions ‘across all key health benefit categories’.
The new products feature ‘unique’ benefits and include PepZinGI (zinc-L--carnosine) for gut health, K2Quest (vitamin K2 MK7) for bone and cardiovascular health, BenfoPure (vitamin B1 analogue) for blood glucose control and NiaXtend (niacin) for cardiovascular and healthy lipid level support.
NutriScience CEO, Alan Yengoyan, said: “We are excited to partner with XSTO as we continue to grow NutriScience. We have deep respect for Foley and Murray and admire the organisation and reputation they have built over the last two decades. XSTO aligns perfectly with our mission to deliver science-backed, effective nutritional solutions that consumers want. This acquisition not only strengthens our portfolio but also enhances our ability to serve our customers and supply partners in the industry.”
Francis Foley and Daniel Murray of XSTO Solutions, added: “We are excited about the opportunities this acquisition brings. Joining forces with NutriScience Innovation will allow us to leverage their extensive resources and network, accelerating our ability to bring innovative solutions to a broader audience.”
Financial terms of the deal were not disclosed.
