Nestlé Health Science has closed a deal to acquire a Brazilian plant-based food brand, Puravida. The famous FMCG brand said that Puravida’s product line is aligned with its own, and thus, the acquisition would be successful in growing its offerings to consumers. The Brazilian brand offers nutritional supplements and protein powders in the country and will now be able to extend its local health science business internationally. Puravida, founded in Sao Paulo in 2015, delivers clean label nutritional food. The brand also received investment from private equity firm Aqua Capital in 2020. The monetary details of the acquisition deal remain undisclosed.
