The Bountiful Company Announces First Howard University Scholarship Recipient
Caleb Caine, a rising junior at Howard University School of Business, is awarded $5,000 from The Bountiful Company Fund
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WASHINGTON and RONKONKOMA, N.Y., June 9, 2021 /PRNewswire/ The power of learning is limitless, and
The Bountiful Company is devoted to helping shape our future leaders through education opportunities. As part of a commitment to inclusion and diversity and giving back, the company is pleased to share that Howard University rising junior
Caleb Caine has been named the first recipient of The Bountiful Company Fund – a scholarship program in partnership with Howard University that includes a $25,000 donation from The Bountiful Company Foundation, the company s charitable arm.
Shelf space battle will intensify with Nestlé/Bountiful deal, observers say Now that Nestlé has completed its acquisition of brands of The Bountiful Co. observers expect the CPG giant’s move into nutrition and wellness will continue to gather steam.
Nestlé finalized its deal with Bountiful’s owner private equity firm KKR to the tune of $5.75 billion. Nestlé purchased the supplement brands Nature’s Bounty, Solgar, Osteo Bi-Flex and Puritan’s Pride, as well as the company’s US private label business. Prior to the deal KKR had planned an initial public offering of stock in the company that was slated to raise about $6 billion.
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 second half of the year, subject to regulatory approvals and other typical closing conditions.
Updated / Friday, 30 Apr 2021
08:59
Today s deal is Nestle s latest expansion of its health and nutrition business
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 today.
The deal is the company s latest expansion of its health and nutrition business.
The KitKat chocolate bar maker bought Bountiful from KKR in a deal which covers the US company s Nature s Bounty, Solgar, Osteo Bi-Flex and Puritan s Pride brands. Nestle had flagged talks earlier this week.
The deal is expected to be completed during the second half of this year.
It does 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.