Nestle S.A. plans to acquire major stake in LATAM firm Terrafertil
Category: #retail  By Dhananjay Punekar  Date: 2018-02-13
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Nestle S.A. plans to acquire major stake in LATAM firm Terrafertil

In a key twist of events taking place across the food & beverages industry, Nestle S.A. has declared its decision to buyout a substantial proportion of shares in Terrafertil. The company, a natural & organic plant foods firm based in Ecuador, boasts of a mammoth presence across the U.S., Britain, and South America. According to MarketWatch, Terrafertil  has four plants  in Columbia, Ecuador, Chile, and Mexico with a total employee strength tallying up to 400.

Nestle’s official release states that this strategic move is aimed at expanding its geographical presence in Latin America, the U.S., and the UK. This megadeal apparently encompasses all of Terrafertil’s business operations & assets across the seven nations in which the firm has based its business operations.

Reuters has reported that the decision to acquire Terrafertil is based on Nestle’s aim to expand its business across healthy foods sector with a view to offset its drawbacks in the packaged food business. The CEO of Nestle Zone Americas has stated that Terrafertil’s organic & healthy food products are likely to majorly contribute toward Nestle’s healthy product portfolio. He further added that Nestle’s association with Terrafertil will help the Swiss food & drink firm to increase its presence across the rapidly emerging healthy snacks, plant-based foods, and beverage sectors.

As per authentic sources, Terrafertil will continue its operations as a standalone unit, governed by its founders. In fact, the firm’s founding partners state that its collaboration with Nestle will bring forth a host of benefits for its goldenberry producing business. They further asserted that Nestle’s experience in R&D field, its operational efficiencies, and marketing & branding expertise will help Terrafertil to further grow its business.

Analysts speculate these collaborations between the SMBs and large enterprises to leave a rather positive impact on the food and beverage sector.



About Author

Dhananjay Punekar

Email: dhananjay.p@news.marketsizeforecasters.com   

Dhananjay Punekar

Dhananjay Punekar presently develops content for a slew of portals, including Market Size Forecasters and Algosonline. A post graduate in mathematics and business administration, he worked in Infosys BPO Limited prior to switching his professional genre. As a content wr...

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