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Message : Required fields ZURICH (Reuters) -Nestle has bought the main brands of vitamin and supplements maker The Bountiful Company for $5.75 billion, the world s largest packaged food company said on Friday, the latest expansion of its health and nutrition business. The KitKat chocolate bar maker bought Bountiful from KKR in a deal which covers the U.S. company s Nature s Bounty, Solgar, Osteo Bi-Flex and Puritan s Pride brands. Nestle had flagged talks on Monday. The deal, expected to be completed during the second half of this year, did not include the sports and active nutrition brands Pure Protein, Body Fortress and MET-Rx, as well as Dr.Organic and the Canadian over-the-counter business, which did not fit with the rest of Nestle Health Science business. ....
By Alec Mattinson2021-04-30T08:06:00+01:00 Top story Nestlé has boosted its presence in the global nutrition and supplement market with the US$5.75bn acquisition of The Bountiful Company. The company confirmed it has entered into an agreement with private equity investor KKR to buy the core brands of The Bountiful Company, which is says in the number one pure-play leader in its “highly attractive” sector. 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. ....
Vevey, Switzerland, Nestlé and KKR today have entered into an agreement in which Nestlé will acquire core brands of The Bountiful Company for USD 5.75 billion. The Bountiful Company is the number one pure-play leader in the highly attractive and 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 brands Pure Protein®, Body Fortress® and MET-Rx®, as well as Dr.Organic® and the Canadian over-the-counter (OTC) business, which do not complement the Nestlé Health Science portfolio, are not included in the deal. The transaction is expected to close in the second half of 2021, following the completion ....
Nestlé confirms plan to purchase The Bountiful Co. in deal in $5 billion range Swiss nutrition giant Nestlé has reportedly confirmed that it will acquire The Bountiful Co. prior to a planned initial public offering for the maker of Nature’s Bounty supplements. The Bountiful Co. is what Nature’s Bounty Inc. renamed itself in January 2020. The company has also formerly been known as NBTY. In mid April the company had filed paperwork with the US Securities and Exchange Commission for an inital public offering, which was originally planned to raise $100 million worth of shares as a placeholder value. Bountiful, which is majority owned by prominent private equity firm KKR & Co., was planning a launch under the stock ticker BTFL. ....
Nestlé confirms plan to purchase The Bountiful Co. in deal in $5 billion range nutraingredients-usa.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nutraingredients-usa.com Daily Mail and Mail on Sunday newspapers.