Confectionery giant Mars Inc, has announced the successful completion of the acquisition of a significant majority stake in sports nutrition company Foodspring.
With closing now complete, Foodspring has officially joined and become a standalone business within Mars Edge, a segment of Mars, Incorporated that is dedicated to human health and wellness through targeted nutrition, the confectionery giant said in a statement.
Foodspring will remain a standalone business led by the founders Philipp Schrempp and Tobias Schüleand and will continue to operate out of its headquarters in Berlin, Germany, the group said.
Mars Edge President, Jean-Christophe Flatin said that he is "looking forward to joining forces" with Foodspring "to build a global targeted nutrition business and pioneer personalised nutrition."
Announcing the acquisition in the summer, Flatin said that the two companies share the same vision to improve the way people live through nutrition.
© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click sign-up to subscribe to Checkout.