NEW YORK – KKR, a leading global investment firm, announced that Nestlé has agreed to acquire The Bountiful Company, a pure play branded leader in global nutrition, for $5.75 billion. Under the terms of the agreement, Nestlé will acquire The Bountiful Company’s vitamin and supplement brands, Nature’s Bounty, Puritan’s Pride, Solgar and Osteo Bi-Flex, which
VEVEY, Switzerland — Nestlé announced Wednesday that it has reached an agreement to sell its U.S. ice cream business to Froneri, an ice cream-focused joint venture Nestlé created in 2016 with PAI Partners, for a transaction value of USD $4 billion. In 2016, Nestlé and PAI Partners merged Nestlé’s European ice cream business in 20
STAMFORD, Conn. — Perrier Carbonated Mineral Water introduces Perrier & Juice drink, a bold refreshment available for the first time in the U.S., and brought exclusively to the Los Angeles area. The new product line features the iconic Perrier mineral water, mixed with real fruit juices and a touch of sugar, for a treat worth savoring during
STAMFORD, Conn. — Today S.Pellegrino Sparkling Natural Mineral Water, recognized as a leader of iconic taste and authentic Italian style, introduces sleek cans to their product lineup. Delivering the same refreshing mix of gentle bubbles and fine mineral balance customers know and love, the new S.Pellegrino cans are a fun and tasteful new way to enhance
VEVEY, Switzerland — Food and beverage giant Nestlé is selling its U.S. confectionery business to Italy-based Ferrero Group for $2.8 billion (U.S.) in cash. With the acquisition the Nestlé U.S. candy business, announced Tuesday, Ferrero will become the third-largest confectionery company in the U.S. market. The move will add more than 20 American brands to
STAMFORD, Conn. — Tom Smith has been appointed president of customer development and sales operations at Nestlé Waters North America (NWNA). NWNA said late Monday that Smith, formerly chief integration officer for Nestlé Business Excellence in North America, will start in the new position on Jan. 15. He replaces John Zupo, who is leaving NWNA to pursue opportunities outside of
VEVEY, Switzerland — Nestlé plans to acquire nutritional health product maker Atrium Innovations Inc. for $2.3 billion. Plans call for Montreal-based Atrium, which is being purchased from a group of investors led by Permira Funds, to become part of Nestlé Health Science, Nestlé said Tuesday. Atrium’s current executive team, including president and chief executive officer
VEVEY, Switzerland — The Nestlé board of directors has decided to change the organization of the infant nutrition business at Nestlé to enhance further the company’s ability to win in this high-growth category. Effective January 1, 2018, infant nutrition will move from the globally-managed Nestlé Nutrition to a regionally-managed business. The change does not apply
ARLINGTON, Va. — Nestlé announced that it’s exploring a possible sale of its U.S. confectionery business. The food and beverage giant said a potential divestiture is among strategic options being considered for the business unit, and the review — covering the U.S. market only — is slated to be completed by the end of this
Wrigley has put its best red-nosed face forward and taken up the challenge from Walgreens. The candy maker has responded to Walgreens’ challenge on social media for Red Nose Day, an event that the drug chain inaugurated in the U.S. last year and for which it kicked off this year’s campaign last week. Red Nose
GLENDALE, Calif. — Nestlé has added to its lineup of treats this fall with the new Nestlé Crunch Peanuts character bars for Halloween and skull-and bone-shaped SweeTarts for Día de los Muertos. The chocolate maker said Wednesday that the Nestlé Crunch Peanuts Molded Fun Size Bars (suggested retail price of $3.49 for 11 oz. and
