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Nestlé (OTC: NSRGY) is acquiring the core vitamin and supplement brands of The Bountiful Company from KKR & Co. (NYSE: KKR) for $5.75 ...
(Bloomberg) -- Nestle SA agreed to buy vitamin maker Bountiful Co. for $5.75 billion, becoming a world leader in the field of minerals and supplements as the pandemic boosts demand for pills for health-conscious consumers. Nestle Health Science Chief Executive Officer Greg Behar said the purchase -- from private equity firms KKR & Co. and Carlyle -- should double e-commerce revenue from supplements to about $1 billion this year. Chief Executive Officer Mark Schneider dove into the field of vitamins and supplements in his first year as CEO in 2017 with the $2.3 billion acquisition of Atrium Inn...
Nestlé announces nutrition deal, but confirms 573 job cuts Nestlé has agreed to acquire The Bountiful Company’s core health and nutrition brands in a deal worth $5.75bn (£4.09bn), while confirming hundreds of job cuts across its KitKat and Fruit Pastilles factories. The manufacturer’s acquisition includes the Bountiful Company’s Nature's Bounty, Solgar, Osteo Bi-Flex and Puritan’s Pride brands and its US private label business. The transaction is expected to close in the second half of 2021, following the completion of customary closing conditions, in...
30th April 2021 Days after revealing it was discussions to acquire vitamin and supplements maker The Bountiful Company, Nestlé has entered into an agreement to buy the US firmâs core brands for $5.75bn. The worldâs largest food maker is buying Bountiful from private equity giant KKR in a deal that covers the companyâs âhigh-growth brandsâ – Natureâs Bounty, Solgar, Osteo Bi-Flex and Puritanâs Pride – as well as its private-label business. The brands will be integrated into Nestléâs Health Science division. Bountifulâs other sports and nut...
Nestlé and KKR have entered into an agreement in which Nestlé will acquire core brands of The Bountiful Co. for $5.75 billion. The Bountiful Company is the number one pure-play leader in the growing global nutrition and supplement category. The transaction includes the high-growth brands Nature's Bounty, Solgar, Osteo Bi-Flex and Puritan’s Pride, as well as the company's US private label business. These brands will be integrated into Nestlé Health Science, creating a global leader in vitamins, minerals, and nutritional supplements. The Bountiful Company's sports and active nutrition bran...