Bio-K+ International has completed the sale of its business to Kerry Group, a taste and nutrition solutions business for the food, beverage and pharmaceutical markets.
The transaction will allow the Bio-K+ brand to expand globally. Having also acquired the building and the land in Laval, Que., Kerry will continue to produce Bio-K+ probiotic products in the plant, making it possible to maintain all current jobs in place while creating future jobs with the growth in sales.
"The Roy-Chevalier family has built over 25 years a company whose mission is to improve the health and quality of life of people through the research, manufacturing and sale of scientifically proven quality probiotic products. Our family is proud of the work accomplished. Isabèle, François-Pierre, Monique and I would like to warmly thank our teams for their commitment as well as our advisory committee for their support. We also salute the healthcare professionals who have been ambassadors of our clinically recognized products," explains Claude Chevalier, founder and chairman of the board of Bio-K+.
The transaction will allow the company to materialize the next phase of its development with Kerry, which has 148 sites on six continents worldwide.