Merit, Burcon and Nestlé announce plant-based proteins partnership
Under the joint development agreement, Merit will produce ingredients for Nestlé’s plant-based products.
Merit Functional Foods, Manitoba, Winnipeg, and its technology partner Burcon NutraScience, Vancouver, British Columbia, said they have entered into a joint development agreement with Vevey, Switzerland-based Nestlé. The goal of the joint agreement is to develop and commercialize Merit’s novel plant protein ingredients for use in Nestlé’s plant-based foods and beverages.
“Partnering with Nestlé — a global leader in food and nutrition — is a great milestone for Merit Functional Foods,” said Ryan Bracken, Merit’s Co-CEO. “Merit has already demonstrated the impact of our novel proteins in plant-based foods. This new partnership helps build on this, and it’s a major step in developing the next generation of nutritious and delicious plant-based products that draw on the benefits of our novel proteins.”