Lactalis, one of the world’s largest dairy companies, has snapped up Protein Works, a UK business centred on protein-packed products.
The privately-owned French group, home to Parmalat milk and Président cheese, said its move for Liverpool-based Protein Works “marks a new step” in its strategy
Protein Works, which was set up in 2012, markets products centred on protein including powders, shakes and bars. “The integration of this innovative company and talented teams strengthens our position in the fast-growing active nutrition market,” Lactalis chairman Emmanuel Besnier said. “By combining our longstanding expertise in dairy proteins and health nutrition with Protein Works’ strong brand and innovative approach, we are confident we can continue to create products that respond to changing consumer expectations in this dynamic and growing category.” In a post on LinkedIn, Protein Works said “there is no stronger partner in the world to build the future of protein with than Lactalis”. It added: “Our missions are so similar. We’re focused on the customer, quality at every touch point and innovation in nutrition.
Their scale, supply chain depth and global reach give us the support to do more of what we already do, and allows us to go further, faster.” The financial terms of the deal were not disclosed. Lactalis said 150 staff from Protein Works have joined the business. In its statement, Lactalis said Protein Works’ generates annual revenue of around €65m ($75.6m).