Nestlé Pens $6bn Deal For The Bountiful Company's Core Brands
Nestlé is poised to add to its Health Science portfolio the Nature's Bounty, Solgar, Osteo Bi-Flex and Puritan’s Pride dietary supplement brands, which generate the majority of their sales in the North American market.
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Nestlé Health Science is acquiring hydration supplements specialist Nuun, which claims to be the number-one selling sports drink supplement brand in running, cycling, outdoor and natural foods stores in the US.
Nestlé Health Science saw sales rise double digits in 2020 thanks to higher demand for health and immunity products during the pandemic.
Since acquiring Nature's Bounty in 2010 and taking the publicly traded firm private, Carlyle could have been at the helm longer than executives at the private equity firm intended or expected, exceeding the five-year plan typical for similar investments.