Dairygold acquires majority stake in Vita Actives

Dairygold‘s Health and Nutrition division has acquired a majority shareholding in nutritional solutions provider, Vita Actives.

Founded in 2006 and based in Dublin, Ireland, Vita Actives is a supplier of nutraceutical ingredients and nutrition solutions for the functional foods, human nutrition, sports nutrition, health, wellness and cosmetic industries.

George MacLeod, general manager of Dairygold’s Health and Nutrition division, said that the acquisition is a “significant development” for the company, as this transaction provides Dairygold Health and Nutrition with opportunities for future growth within the life-stage nutrition sector.

He continued: “It also provides opportunities for cross-divisional research and development, that will identify new opportunities within Dairygold, highlighting the synergies between the Dairygold and Vita Actives businesses and further demonstrating the strong rationale for such an acquisition”.

Vita Actives CEO Deepak Sharma commented: “This transaction is the perfect fit for us. It will give Vita Actives the support we need to grow the business, through developing and growing our customer base, enhancing our research and development capabilities and will give us a strong platform to achieve the success I know we are capable of.”

Dairygold CEO Conor Galvin added: “The acquisition of Vita Actives is in line with Dairygold’s ‘Our Strategy Our Future 2030’, of delivering incremental higher margin for the society and our members, and diversifying earnings. Since the establishment of the Dairygold Health and Nutrition business, we have been exploring and evaluating acquisition opportunities within the life-stage nutrition sector. We’re delighted to have Deepak and his team on board, as part of the Dairygold family, and look forward to supporting them in the further expansion and growth of the business into the future.”

Terms of the transaction were not disclosed.