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 on Friday, the latest expansion of its health and nutrition business. The KitKat chocolate bar maker bought Bountiful from KKR in a deal that covers the U.S. company’s Nature’s Bounty, Solgar, Osteo Bi-Flex and Puritan’s Pride brands. Nestle had flagged talks on Monday. The deal, expected to be completed during the second half of this year, did 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. “This acquisition complements our existing health and nutrition portfolio in terms of brands and channels,” said Greg Behar, CEO of Nestle Health Science. “It will establish Nestle Health Science as the industry leader in mass retail, specialty retail, e-commerce and direct-to-consumer in the U.S. while offering significant opportunities for geographic growth,” he added. Nestle is paying 3.1 times the value of Bountiful’s sales for the brands, and a multiple of 16.8 times of their earnings before interest before tax, depreciation, and amortization (EBITDA). The acquired brands had sales of $1.87 billion in the year to March 2021, with an EBITDA margin of 18.3%. The margin is expected to increase above the Nestle Group average once synergies are fully implemented by 2024, the Swiss company said. – Source: CNBC.
- Who We Are
Our Mission:
"…to be the highest quality provider of human capital to our clients.”
- What We Do
Human Captial Management Solutions That Work
Being Better often requires assistance from others who can help get your there.
- Employers
Welcome Job Seekers
Our #JobSquad has assembled everything Job Seekers need, to beBetter.
- Job Seekers
Welcome Employers
Our #JobSquad has assembled everything Employers need, to beBetter.
- Blog
Ways for you to beBetter
Tips, tools and perspectives for job seekers, employers as well as general information on ways to beBetter.
- Connect
Get Connected:
Connect easily with our Corporate Office or with any of our Franchise locations.Corporate Office, Coral Springs, FL
(954) 493-9200 info@ariteam.com
Atlanta, GA
(770) 433-2220 iphillip@ariteam.com
Chicago, IL
(312) 780-7510 cwilson@ariteam.com
Dallas - Ft. Worth
(469) 922-2048 jsosa@ariteam.com
(469) 922-2096 eroshan@ariteam.com
Davie, FL
(954) 990-4545 frankc@ariteam.com
Manchester, NH
(603) 825-5520 van@ariteam.com
Simpsonville, SC
(864) 900-2144 matt@ariteam.com
(864) 900-2144 grace@ariteam.com
- Search Jobs
Featured Jobs
- Regulatory Compliance EngineerAre you looking for...
- NATIONAL ACCOUNTS MANAGER--CHAINS & CONSULTANTSNATIONAL ACCOUNTS MANAGER - CHAINS & CONSULTANTS We seek a highly motivated and...
- Clean Water Application Engineer - Clean Water EquipmentClean Water Application...
- Regulatory Compliance Engineer
Leave a Reply
You must be logged in to post a comment.