Brazil: Nestle Health Science acquires Brazilian plant-based firm Puravida

Nestle Health Science agreed to acquire the Brazilian organic, natural, plant-based nutrition and health lifestyle food maker Puravida.

The fast-growing brand Puravida was founded in Sao Paulo in 2015 to promote health through nutrition. With this agreement, the brand will complement Nestle Health Science’s portfolio in different categories with increased reliable, nutritious, and high-quality products.

Monica Meale, head of Nestle Health Science Latam said in a statement: “Bringing together Puravida’s and Nestlé Health Science’s deep experience in nutrition research and development will result in further innovation, expanding the breadth and depth of the portfolio across consumer and healthcare professional channels. Our retail capabilities will open up new opportunities for Puravida to further growth and our strong network with healthcare professionals will expand the presence of the brand”.

The transaction is expected to close in the second quarter of 2022 and the terms of the transaction weren’t disclosed.

Sources: Nestle Health Science