Nestle USA CEO Steve Presley on the impact of President Trump’s tariffs, a potential second round of tax cuts, the state of the U.S. consumer, the risks of potential price hikes and the company’s new headquarters in Virginia.
ZURICH (Reuters) – Food group Nestle has teamed up with Canadian plant-based food ingredient makers Burcon and Merit to speed up innovation in the fast-growing business segment, it said on Friday.
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The collaboration will allow Nestle, which launched soy and wheat protein-based “Incredible Burgers” in Europe last year, to tap into Burcon’s proprietary plant protein extraction and purification technology as well as Merit’s plant protein production capabilities.
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| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| NSRGY | NESTLÉ SA | 111.7 | -0.70 | -0.62% |
| BUROF | BURCON NUTRASCI | 1.075 | +0.00 | +0.28% |
Burcon Nutrascience specializes in making novel plant-based proteins derived from pea, canola, soy, hemp, sunflower seed and various other crops, while Merit Functional Foods is building a commercial-scale production facility to produce plant-based protein using Burcon’s technology.
