Fonterra enters into first Ventures partnership
FoodSpring's whey protein powders
Fonterra Ventures has entered into its first strategic partnership with German nutrition start-up, FoodSpring.
Fonterra Ventures was first launched in 2016 to help build new and sustainable revenue streams for Fonterra.
Fonterra said the new partnership will enable the co-operative to tap into a rapidly growing active nutrition consumer segment valued at $200 billion globally.
FoodSpring was founded by Philipp Schrempp and Tobias Schule and produces a number of nutritional products including whey protein shakes. FoodSpring products are currently sold across Europe and Asia.
Judith Swales, Fonterra’s Chief Operating Officer, Velocity and Innovation, said the deal creates a range of new business and market development opportunities for Fonterra.
“Fonterra is a global leader in protein and high value, advanced ingredients, so it’s only right we should strive to be at the forefront of the active nutrition market, Swales said.
“The strategic partnership with FoodSpring will accelerate our progress in the category by giving us direct access to a new consumer segment. This investment is a first for Fonterra and supports our strategy to grow in high value categories.”
- Millions of Bangladeshi will soon have access to Fonterra milk
- Fonterra commits to $165 million Australian expansion
- A2 Milk Company and Fonterra enter into strategic alliance
Australian dairy ingredient processor, Burra Foods, has sold a 79 per cent stake in its business to ...
Research by the University of Adelaide has shown that consumers are much more influenced by wine lab...
Coca-Cola has embarked on its largest ever sampling campaign to help launch Coca-Cola No Sugar.
Australian snack company, Funch, is looking to expand its market share and is making a number of cha...
Primo is now selling a new premium flavoured bacon range
Gelato Messina and Arnott’s have collaborated again for another Tim Tam by Gelato Messina range.
Amazon Go opened to the public on Monday this week. The key question is what are they going to do wi...
Two Freedom Foods products have been named finalists in the 2018 World Innovation Awards.