Global food company Nestlé has acquired a significant stake in Latin American company Terrafertil for an undisclosed price.

Terrafertil is engaged in the production and marketing of natural, organic, plant-based foods, and healthy snacks.

Under the deal, Nestlé will be acquiring all of Terrafertil’s operations and assets in the seven countries where it operates.

With the acquisition, Nestlé intends to expand its presence in the plant-based foods segment in Latin America, the US, and the UK.

Nestlé Americas Zone CEO Laurent Freixe said: “We are excited to welcome Terrafertil and its employees to the Nestlé family.

“Its natural, organic and healthy products fully support Nestlé’s purpose to enhance the quality of life and contribute to a healthier future.

“This investment allows us to strengthen our presence in fast-growing categories such as plant-based foods, beverages, and healthy snacks, known as ‘superfoods’ due to their high natural nutrient content.”

“Its natural, organic and healthy products fully support Nestlé’s purpose to enhance the quality of life and contribute to a healthier future.”

Established in 2005 in Ecuador by five entrepreneurs, the company is currently being managed by three founding brothers, David, Raul, and Daniel Bermeo.

Terrafertil offers a wide range of natural and organic food products under its flagship brand ‘Nature’s Heart’.

The South American firm has a workforce of nearly 400 employees and operates four factories in Ecuador, Mexico, Colombia, and Chile.

Terrafertil founding partners Bermeo brothers said: “Nestlé brings several benefits and synergies.

“Beyond expanding our presence and distribution around the world, we will capitalise on its experience in areas such as research and development, marketing knowledge, and operational efficiencies.

“Above all, we share Nestlé’s commitment to society, to the communities where it operates and the environment.”