Deals
Nestle to Buy Vitamin Brands From KKR for $5.75 Billion
- KKR sells Nature’s Bounty, Puritan’s Pride, Solgar labels
- Nestle says it’s leader in vitamins, minerals, supplements
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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.