Dairygold Health and Nutrition, part of Dairygold Co-operative Society, has announced that it has acquired a majority shareholding in Vita Actives Limited, an Irish nutritional solutions provider, entering the fast-growing life stage nutrition sector.
Vita Actives Limited, based in Dublin, was founded in 2006 by Mr. Deepak Sharma and supplies high value nutraceutical ingredients and nutrition solutions to more than 400 global customers, for the functional foods, human nutrition, sports nutrition, health, wellness and cosmetic industries.
Speaking about the acquisition, George MacLeod, General Manager, Dairygold Health and Nutrition said: “This acquisition is a significant development for Dairygold and the first acquisition since we established the Dairygold Health and Nutrition business in 2020. 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.”
Speaking about the announcement, Dairygold Chief Executive Conor Galvin said: “The acquisition of Vita Actives is in line with our Strategy ‘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.”
Speaking about the deal, Vita Actives CEO Deepak Sharma said: “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. I am excited to see what we will achieve in the coming years, in a sector that is growing at a rapid pace.”
Speaking about the announcement, Dairygold Chairman and ICOS board member Seán O’Brien said: “This acquisition is a very positive and encouraging move for Dairygold Members, demonstrating Dairygold’s commitment to identifying acquisition opportunities capable of building higher margin growth opportunities for the Society and its Members.”
22 Feb 2024