One of the world’s leading taste and nutrition companies, Kerry Group, has completed its reported €126.9 million acquisition of Spanish biotech company Biosearch Life.
Based in Grenada, Spain, the leading biotech company innovates, manufactures, and distributes functional ingredients including premium probiotics obtained from human breast milk and a portfolio of science-backed botanical extracts and ultra-purified omega-3 oils.
“Our acquisition of Biosearch Life is aligned with our strategic priorities to expand our branded, science-backed ingredient portfolio, as well as developing our dietary supplement capabilities and market offering,” commented Neil Cracknell, President Kerry Applied Health & Nutrition.
“These market-leading technologies allow us to address new health need states, enhance our credibility and leadership in science-backed branded activities, and supports our ambition to be a leader in sustainable nutrition solutions.”
The acquisition will be integrated into Kerry’s global ProActive Health platform of science-backed branded ingredients.