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Nestle teams up with Canadian plant-based ingredients makers

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Via Reuters Finance

FILE PHOTO: A logo is pictured during the 152nd Annual General Meeting of Nestle in Lausanne, Switzerland April 11, 2019. REUTERS/Denis Balibouse

ZURICH (Reuters) – Food group Nestle (NESN.S) has teamed up with Canadian plant-based food ingredient makers Burcon (BU.TO) and Merit to speed up innovation in the fast-growing business segment, it said on Friday.

The collaboration will allow Nestle, which launched soy and wheat protein-based “Incredible Burgers” in Europe last year, to tap into Burcon’s proprietary plant protein extraction and purification technology as well as Merit’s plant protein production capabilities.

Burcon Nutrascience specializes in making novel plant-based proteins derived from pea, canola, soy, hemp, sunflower seed and various other crops, while Merit Functional Foods is building a commercial-scale production facility to produce plant-based protein using Burcon’s technology.

Reporting by Silke Koltrowitz; Editing by Michael Shields

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