[2 March/Foodbev Media]

Fonterra have teamed up with German nutrition start-up Foodspring following an investment in its parent company, Goodminton. Foodspring sells products including whey protein shakes and organic superfoods and focuses on healthy eating, weight management and muscle-building. Fonterra’s CEO for Velocity and Innovation, Judith Swales, believed the deal would create a range of new business and market development opportunities. Ms Swales said Fonterra was a global leader in protein and high-value, advanced ingredients so it made sense to strive to be at the forefront of the active nutrition market. She added that the partnership will accelerate their progress through access to a new customer segment, and that Foodspring’s growth trajectory was impressive. Foodspring’s CEO, Tobias Schüle, noted that they were pleased to have gained the support of Fonterra.