Lactalis acquires UK protein brand Protein Works

PARIS, June 1 - Lactalis ​said it ⁠had acquired Britain's Protein ​Works, as the world's largest dairy group continues ​to expand ‌to meet fast-growing demand for protein-rich foods ⁠and nutrition products.

The French group has ⁠been building its ​presence in the protein market in recent years as consumers increasingly seek higher-protein products for fitness, weight ​management ‌and general well-being. Its deals have included the 2018 acquisition of U.S. skyr brand siggi's.

Founded in 2012, Protein Works sells protein ​shakes, meal replacements, supplements and snacks. It generates ‌annual revenue of about €65 million ($75.70 million), Lactalis said.

The Liverpool-based company sells directly ‌to consumers online and operates a manufacturing site in the city, with additional sales across European ​markets including Germany, France and Italy.

Lactalis declined to disclose financial ‌terms. "By combining our longstanding expertise in dairy proteins and health nutrition with Protein Works’ strong ⁠brand ⁠and innovative approach, we are confident ‌we can continue to create products that respond to changing ​consumer ​expectations in this dynamic and growing ‌category," Lactalis Chairman Emmanuel Besnier said in a statement.