Nestlé Health Science has completed its acquisition of Vital Proteins, a US producer of collagen offering supplements, beverages and food products.
The company will continue to be run out of Chicago, Illinois. Tracey Halama, previously Chief Revenue Officer and President, has been appointed CEO, while founder Kurt Seidensticker will step aside.
”Vital Proteins has had incredible growth over the past two years," said Greg Behar, CEO of Nestlé Health Science. "We have worked to expand the brand geographically, scale up R&D and innovate on new products. More people around the world are becoming aware of how collagen can be incorporated into their wellness journeys."
”Kurt and his team have done an amazing job building Vital Proteins. It was Kurt's vision that made it possible and I look forward to working with him as a Nestlé Health Science advisor," continued Behar. "Vital Proteins' new CEO, Tracey Halama, has been an invaluable asset to the business over the past eight years. Under her leadership, we will see even further growth."