Lactalis, a leading player in the global dairy sector, has acquired Protein Works, a UK-based company specializing in protein-rich products. This strategic move represents a significant advancement in Lactalis’ goals within the food and beverage industry.
The privately held French conglomerate, known for brands like Parmalat milk and Président cheese, stated that its acquisition of the Liverpool-based Protein Works “marks a new step” in its strategic evolution.
Founded in 2012, Protein Works offers a diverse array of protein products, including powders, shakes, and bars, catering to the growing demand for health-conscious options in the food and drink business.
Lactalis chairman Emmanuel Besnier emphasized the importance of this acquisition, highlighting that, “The integration of this innovative company and talented teams strengthens our position in the fast-growing active nutrition market.” He further noted that combining Lactalis’ long-standing expertise in dairy proteins with Protein Works’ innovative brand will enable the creation of products that align with shifting consumer expectations.
In 2019, Protein Works underwent a management buyout backed by the UK private-equity firm YFM Equity Partners. Recently, the company expressed on LinkedIn that “there is no stronger partner in the world to build the future of protein with than Lactalis.” Protein Works added, “Our missions are so similar. We’re focused on the customer, quality at every touch point and innovation in nutrition.” This partnership aims to leverage Lactalis’ extensive scale, supply chain capabilities, and global presence to enhance Protein Works’ operations.
While the financial details of the transaction remain undisclosed, Lactalis confirmed that around 150 employees from Protein Works have joined its workforce. According to Lactalis, Protein Works generates approximately €65 million ($75.6 million) annually.
Recent filings with Companies House reveal that Protein Works, operating as Class Delta Ltd, achieved a turnover of £55.1 million ($74 million) for the year ending August 31, 2025, an 8.5% increase from the prior year. Notably, 83% of the company’s turnover derives from direct-to-consumer sales.
However, operating profit has seen a decline of nearly 19%, primarily due to rising administrative costs. Ultimately, Protein Works recorded a profit of £5.5 million, down from £6.7 million the year before.
