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National Diversity Council announces Participating Companies

Honda North America, Inc.
Dennis Kennedy, founder and chairman of the National Diversity Council, praised these companies for their willingness to benchmark their diversity and inclusion efforts following a challenging year. “As businesses recover from the disruption caused by the COVID-19 pandemic and racial unrest, it is imperative they renew their commitment to diversity, equity, and inclusion to achieve long-term resilience in the marketplace,” Kennedy said. “In 2021, participation in the NDC Index more than doubled and we are thrilled to announce the first company achieving recognition under our Best U.S. Companies for Diversity list.”
To be on the Best U.S. Companies for Diversity list, companies must score from 90 to 100 points in the NDC Index. Blue Shield of California is the first and only company that made the list in 2021 with a score of 92. The company, located in Oakland, is dedicated to fulfilling its mission of ensuring high-quality and affordable ....

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Nestle launches 29 new products in China

Nestle launches 29 new products in China
By He Wei and Ma Zhiping in Haikou, Hainan province |
chinadaily.com.cn |
Updated: 2021-05-08 14:12
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Visitors take a look at KitKat chocolates at Nestle s booth at the first China International Consumer Products Expo in Haikou, Hainan province, on May 8. [Photo by He Wei/chinadaily.com.cn]
Global food and beverage giant Nestle is debuting 29 products in China at the first China International Consumer Products Expo, demonstrating its continued commitment to the local market.
Highlights include the introduction of Vital Proteins, a brand under Nestle Health Science known for fitness and nutritious food offerings, as well as Nestle International Travel Retail, a business unit providing confectionary brands in limited portfolios and packaging exclusive to travel retail channels, such as airports and cruise ships. ....

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Nestle buys vitamin maker Bountiful's main brands

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. ....

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Nestle Buys Vitamin Brands From KKR for $5.75 Billion

(Bloomberg) Nestle SA agreed to buy vitamin maker Bountiful Co. for $5.75 billion, becoming a world leader in the field of minerals and supplements as the pandemic boosts demand for pills for health-conscious consumers. Nestle Health Science Chief Executive Officer Greg Behar said the purchase from private equity firms KKR & Co. and Carlyle should double e-commerce revenue from supplements to about $1 billion this year. Chief Executive Officer Mark Schneider dove into the field of vitamins and supplements in his first year as CEO in 2017 with the $2.3 billion acquisition of Atrium Innovations Inc. He has focused on developing larger brands in the competitive, fragmented segment, seeing a market in high-spending health-conscious consumers. “The bolt-on acquisition fits well with Nestle’s strategy to further expand in the highly attractive and globally growing category of specialized nutrition,” wrote Patrik Schwendimann, an analyst at Zuercher Kantonalbank. He said the price ....

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Nestle to Buy Vitamin Brands From KKR for $5.75 Billion

(Bloomberg) Nestle SA agreed to buy vitamin maker Bountiful Co. for $5.75 billion, becoming a world leader in the field of minerals and supplements as the pandemic boosts demand for pills for health-conscious consumers. Nestle Health Science Chief Executive Officer Greg Behar said the purchase from private equity firms KKR & Co. and Carlyle should double e-commerce revenue from supplements to about $1 billion this year. Chief Executive Officer Mark Schneider dove into the field of vitamins and supplements in his first year as CEO in 2017 with the $2.3 billion acquisition of Atrium Innovations Inc. He has focused on developing larger brands in the competitive, fragmented segment, seeing a market in high-spending health-conscious consumers. “The bolt-on acquisition fits well with Nestle’s strategy to further expand in the highly attractive and globally growing category of specialized nutrition,” wrote Patrik Schwendimann, an analyst at Zuercher Kantonalbank. He said the price ....

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