Milan, 16 September 2022 – Today the Biofarma Group, the European leading nutraceutical CDMO, announces the acquisition from Eric Terré (majority shareholder and Chairman), UI Investissement, Back to Basics and management team of 100% of Nutraskills, a fast-growing player specialized in the development, manufacturing and packaging of food supplements for third parties. Mr Terré and the top management team will continue accompanying Nutraskills in this new phase of growth, and will reinvest in the Biofarma Group post-closing of the transaction.
Nutraskills is the result of the combination of two highly complementary companies: Codilab, a high-quality manufacturer of dry-form nutraceuticals; and Laboratoire Pierre Caron, a player specialized in the research & development, formulation and packaging of food supplements. With ⁓€20m revenue as of today, Nutraskills represents one of the leading players in the French nutraceuticals CDMO market, serving a wide array of blue chip pharmaceutical and consumer health clients with its products, whose distribution channels include pharmacies, organic stores, and online.
This highly synergetic combination further establishes the Biofarma Group as the leader in the fast-growing European nutraceuticals CDMO market, by establishing footprint and creating together with Nutraskills a leading player in France. Biofarma is recognised as the innovation leader in its sector, and as a result of this combination will provide Nutraskills’ customers with direct access to a wide portfolio of differentiated products, including probiotics, liquids, tri-layers, medical devices and cosmetics.
Louis Jouffrault (Managing Director), Laurent Renner (CFO), and the top management team will maintain their current roles and will lead the Company to the next phase of growth, leveraging on Biofarma’s technologies, product portfolio, and critical size to further penetrate the French market.
Louis Jouffrault, Managing Director of Nutraskills, commented: – “Biofarma is the ideal partner for Nutraskills, with an unrivalled product portfolio, and impressive technological capabilities and know-how. We will continue to accompany the growth of our customers, by serving them with an enlarged product portfolio, including probiotics, liquids, tri-layer, medical devices and cosmetics. I am enthusiast and proud to join the Biofarma group and further accelerate our growth in the French market“.
Maurizio Castorina, CEO of Biofarma Group, adds: “I am extremely proud of bringing Louis and his team onboard. Nutraskills is a unique platform that will allow us to accelerate our international expansion and further penetrate the French market with a broader offering of quality products and strong R&D. While preserving the current Nutraskills’ corporate culture and continuity in day-by-day activities, Biofarma Group strengthens its presence in the French market, continuing to consolidate its position as European leader in the Nutraceuticals CDMO market.”
