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Aqua Capital Exits Brazil’s Puravida Via Sale to Nestlé

23 May 2022

(Reuters) Nestle SA (NESN.S) on Monday said its Nestle Health Science unit has reached a deal to acquire Brazilian organic, natural, plant-based food maker Puravida.

The company said in a statement that it sees Puravida’s portfolio as complementary to its own, noting it already sells nutritional supplements and protein powders in Brazil and will now be able to expand its local health science business.

“This is a great opportunity for us to expand our presence in a sector that is growing globally … an important step towards advancing in promising market segments that add innovation and technology to our nutrition know-how,” Nestle’s chief executive in Brazil, Marcelo Melchior, said.