Vevey, Switzerland—Nestlé Health Science (NHSc) has agreed to acquire a majority stake in Vital Proteins, maker of collagen supplements, beverages, and food products, according to a press release.
Vital Proteins will continue to operate as a standalone business, the press release says, but will have access to a variety of resources to scale their reach and innovation.
“We at Vital Proteins, alongside Nestlé Health Science, are committed to expanding our wellness platform to the world. We are partnering together to continue the evolution of the functional nutrition space through premium products and innovation that meet customers where they are in their wellness journey,” said Kurt Seidensticker, Founder and CEO of Vital Proteins, in the press release. “Joining NHSc allows us to take Vital Proteins to the next level by leveraging resources, scale and capabilities, and moving toward a future with an expanded offering of science-backed products.”
Seidensticker will continue to lead Vital Proteins, and the company will still be based in Chicago, IL. Vital Proteins has 150 SKUs across 35,000 retail doors in North America and Europe.
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Financial details of the sale are not released.
“This is an exciting opportunity for Nestlé Health Science to enter a growing area of nutrition with a successful brand,” said Greg Behar, CEO of NHSc, in the press release. “Our companies share the belief that nothing is more important than health, and everything we do is focused on that belief. In combining our efforts to optimize health through nutrition, we can achieve even more to help our consumers live fuller, more vibrant lives.”