Nestle Acquires Majority Stake in Terrafertil
February 09 2018 - 12:33PM
Dow Jones News
By Anthony Shevlin
Nestle SA (NESN.EB) said Friday that it has acquired a majority
interest in organic plant-based foods and snack company
Terrafertil.
Nestle said the move widens its presence in Latin America, the
United States and the United Kingdom. No financial details of the
transaction have been made available.
Terrafertil employs 400 people and has four factories in
Ecuador, Mexico, Colombia and Chile. It was founded in 2005 and is
managed by three founding brothers.
The transaction includes all of Terrafertil's operations and
assets in the seven countries where it operates. Nestle said that
Terrafertil will continue to be managed by its founders and will
operate as a stand-alone entity.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
February 09, 2018 12:18 ET (17:18 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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