Paine Schwartz-backed FoodChain ID completed the acquisition of Nutraveris.

Paine Schwartz-backed FoodChain ID, a platform dedicated to providing technology-enabled food safety, quality, and sustainability solutions, completed the acquisition of Nutraveris, a France-based provider of technology and scientific and regulatory expertise for compliance, risk management, and product development. Financial terms were not disclosed. "Nutraveris, with its global clients and coverage, is a strong strategic fit for FoodChain ID, strengthening our customer base and building on our global profile, domain expertise and Agri-food industry leadership. With Nutraveris, we are adding scale to our business in the fast-growing "good for you" sector, while expanding our targeted portfolio through new technology-enabled supply chain compliance and claim verification services. We are confident the Nutraveris team will further enhance our ability to capture the growing customer demand for services to market safe and healthy foods, globally," Brad Riemenapp, FoodChain ID Chief Executive Officer.