Butterfly-backed Actus Nutrition acquires Erie Foods' North American operations

Actus Nutrition, a portfolio company of Butterfly Equity, has completed its acquisition of the North American operations of Erie Foods International, according to PKF Investment Banking. The transaction closed on October 26, 2026, and the announcement was made on November 12, 2026. The purchase price was not disclosed.

Erie Foods was founded in 1938 by the Reisenbigler family and is based in Erie, Illinois. It manufactures dairy protein ingredients, including caseins, caseinates, milk protein concentrates and isolates, and granulated calcium carbonate, and provides custom processing services to the food, nutraceutical and supplement industries. Actus is based in Eden Prairie, Minnesota, and converts milk and whey into functional ingredients.

David R. Reisenbigler, chief executive of Erie Foods, said Actus is the ideal partner for the company at this point in its history and that management looks forward to working with Actus. PKF Investment Banking acted as exclusive financial adviser to Erie Foods.