Nestlé has expanded its consumer healthcare portfolio with the acquisition of nutritional health products firm Atrium Innovations for $2.3 billion.

The move supports the business’ strategy to focus on high-growth food and beverage categories.

When completed early next year, Canada-based Atrium will become part of Nestlé Health Science and its existing management team will continue to manage the business, led by chief executive Peter Luther. He said: “We are very pleased to be joining Nestlé Health Science as we share a common purpose of helping people lead healthier lives by providing good-for- you products made with the highest standards for quality and efficacy. Nestlé will provide Atrium with the resources to accelerate the growth of our brands and reach more people globally.”

Greg Behar, Nestlé Health Science’s chief executive, added: “We value Atrium’s history as a highly successful company and welcome its 1,400 employees to the Nestlé family. Their
brands are a natural complement to our Consumer Care portfolio, which offers nutritional solutions in the areas of Healthy Aging, Healthy Growing, Gut Health and Obesity Care.

Atrium’s portfolio will extend our product range with value-added solutions such as probiotics, plant-based protein nutrition, meal replacements and an extensive multivitamin line, enabling consumers to address their health and wellness goals.”