Nestlé acquiring Bountiful Co. brands for $5.8 billion | Natural Products INSIDER
In a US$5.75 billion deal that solidifies Nestlé as a powerhouse in the nutritional supplement industry, the Switzerland-based food giant on Friday announced an agreement to acquire several brands of The Bountiful Company, including Nature’s Bounty. KKR, a global investment firm, is selling to Nestlé Nature's Bounty, Solgar, Osteo Bi-Flex and Puritan’s Pride. Those Bountiful brands generated $1.87 billion in the 12 months ending March 31, with EBITDA (earnings before interest, taxes, depreciation and amortization) of 18.3%, according to Nestlé. Nestlé expects the deal to close in the ...
Source: naturalproductsinsider.com