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.
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 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 of customary closing conditions, including regulatory clearance.
Nestle Acquires Core Brands of The Bountiful Company for $5.75B
Apr 30 2021 · 13:58 UTC | Updated
May 3 2021 · 08:11 by Steve Muchoki · 3 min read
Mark Schneider (right), Nestle CEO & Paul Bulcke, Chairman of the Board of Directors, Nestlé S.A. Photo: Nestle Share this article
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Nestle expects to finalize the acquisition of The Bountiful Company during the second half of this year.
Nestle SA (Swiss Exchange: NES.N-CH) announced on Friday that it has acquired core brands of The Bountiful Company for USD 5.75 billion. As part of the acquisition, Nestle noted that the transaction will include high-growth brands Nature’s Bounty, Solgar, Osteo Bi-Flex, Puritan’s Pride as well as the company’s US private label business.
By Alec Mattinson2021-04-30T08:06:00+01:00
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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.