
The world’s largest dairy group aggressively expands its global active nutrition empire by acquiring the premium British functional food brand.
French multinational Lactalis, the world’s leading dairy corporation, has officially finalized the acquisition of the British functional food and active nutrition brand, Protein Works. This strategic transaction reflects a major push by the global dairy giant to capitalize on the fast-growing international demand for protein-rich foods and lifestyle nutrition products. By integrating this high-growth asset into its vast commercial network, Lactalis aims to significantly diversify its value-added product portfolio beyond traditional fluid milk, cheese, and clinical nutrition lines.
Founded in 2012 from humble beginnings in a spare bedroom, Protein Works has evolved into a formidable direct-to-consumer (D2C) force in the United Kingdom and across several premium European markets, including Germany, France, Ireland, and Italy. The brand operates a fully integrated manufacturing model, developing its extensive lineup of whey protein concentrates, meal replacements, snacks, and wellness supplements entirely in-house. This comprehensive digital and production capacity offers immediate, scalable synergies for processing raw dairy components into high-margin consumer goods.
The economic footprint of the acquisition is highly significant, with Protein Works currently generating an estimated €65 million (£55 million) in annual revenue, a major leap from its early-stage financials. The brand’s rapid scaling was previously accelerated by YFM Equity Partners, who backed a major transition toward mainstream lifestyle nutrition and supported a massive infrastructure expansion into a state-of-the-art manufacturing campus in Speke, Liverpool. For institutional investors, the profitable exit yielded a remarkable 10.8x cash multiple, proving the massive commercial value inherent in specialized protein processing.
According to a corporate statement from Lactalis Chairman Emmanuel Besnier, the acquisition is designed to directly address shifting global consumer expectations regarding wellness, fitness, and nutrition. Besnier emphasized that combining Lactalis’ long-standing industrial expertise in dairy proteins and health nutrition with the British firm’s innovative approach will secure a dominant competitive edge in this highly dynamic category. To maintain operational stability and preserve the unique identity that captured a loyal 3-million-strong customer base, the group confirmed that all 150 Protein Works employees will be fully absorbed into the organization.
For the international dairy community, market analysts, and ingredient processors, this high-profile buyout underscores a broader structural shift toward institutional consolidation within the functional ingredient sector. As corporate giants aggressively secure direct-to-consumer digital pipelines and advanced blending facilities, the premium for value-added milk components like whey and casein continues to climb. The acquisition signals a clear roadmap for how traditional dairy processors can insulate their bottom lines from fluid milk price volatility by climbing higher up the global human nutrition value chain.
Source: Industry transactional details and official executive statements are reported via Reuters.
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