Dairygold Health and Nutrition, part of Dairygold Co-Operative Society, has acquired a majority shareholding in Vita Actives, an Irish nutritional solutions provider.
Vita Actives, based in Dublin, was founded in 2006 by Deepak Sharma and supplies high value nutraceutical ingredients and nutrition solutions to more than 400 global customers.
"This acquisition is a significant development for Dairygold and the first acquisition since we established the Dairygold Health and Nutrition business in 2020," said George MacLeod, General Manager of Dairygold Health and Nutrition.
"This transaction provides Dairygold Health and Nutrition with significant opportunities for future growth, within the fast-growing life stage nutrition sector.
"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," he added.
Welcoming the deal, Vita Actives CEO, Deepak Sharma described the transaction as the "perfect fit".
"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.
"I am excited to see what we will achieve in the coming years, in a sector that is growing at a rapid pace," he added.
