Food giant Kerry Group has recently announced the acquisition of Pevesa Biotech, a Spanish specialist in non-allergenic and organic plant proteins. The acquisition is designed to strengthen Kerry’s leading position in hydrolysed plant proteins for specialty nutrition
Kerry Completes Strategic Acquisitions of Two Biotechnology Companies
Kerry, one of the world’s leading companies for taste and nutrition solutions, has reached an agreement on significant strategic biotechnology acquisitions. According to Kerry, millions of people throughout the world are consuming food and beverage products containing Kerry’s taste and nutrition solutions. Following Kerry’s announcement to become a plant-based leader in 2018, Kerry has reported steady growth through its plant-based divisions that include the Richmond and Naked Glory brands. Strategic Acquisitions of Biotechnology Companies Since 2020 Back in 2020, food giant Kerry Group has acquired Pevesa Biotech, a Spanish specialist in non-allergenic and organic plant proteins. The acquisition was designed to strengthen Kerry’s leading position in the plant-based industry. Kerry is now significantly expanding its expertise and know-how in biotechnology, completing two acquisitions in …