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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, including regulatory clearance.
Nestlé Health Science chief executive Greg Behar said the acquisition complemented its existing health and nutrition portfolio in terms of brands and channels.
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 nutrition brands – Pure Protein, Body Fortress and MET-Rx, Dr.Organic – and its Canadian OTC business, are not included in the deal.