Nestlé acquisition of Freshly : Swiss food and beverage giant Nestlé, through its US subsidiary, has acquired Freshly, an American provider of fresh-prepared meal delivery services, in a deal worth up to $1.5 billion. The consideration includes a fixed price of $950 million and up to $550 million in potential earnouts, which will be based […]
Nestlé will take full ownership of Aimmune Therapeutics, the developer of FDA approved peanut allergy drug Palforzia, by acquiring the remaining stake of 74.4% in the latter for about $2 billion. The deal is expected to help the Swiss conglomerate’s subsidiary Nestlé Health Science and Aimmune Therapeutics to create a global leader in the prevention […]
Gerber Products, a childhood nutrition company, which is a part of Nestlé, has launched Gerber Organic BabyPops, a new puffed corn and oat snack, to expand its organic snacks range. Gerber Organic BabyPops snacks have a popcorn-like shape and are said to have the right size for infants who are learning to pick up things. […]
Nestlé Nespresso (Nespresso) will invest CHF160 million ($170.28 million) to expand its Romont production center in Switzerland to address the growing consumer demand for its premium coffees and support global development in the coming years. In this regard, the coffee company will start construction of a second production hall in June 2021 which will add […]
Aimmune Therapeutics, which has recently bagged approval from the US Food and Drug Administration (FDA) for its peanut allergy drug PALFORZIA (formerly AR101), has secured an additional equity investment of $200 million from Nestlé Health Science. Based in California, Aimmune Therapeutics has been focused on the development and commercialization of treatments for potentially life-threatening food […]
Allergan has agreed to sell IL-23 inhibitor brazikumab to AstraZeneca and gastrointestinal medication Zenpep (pancrelipase) to Nestle in separate agreements, as per the latest pharma acquisition news. Financial details of the two deals have not been disclosed. The divestments are being taken up in an effort to wrap up the $63 billion AbbVie acquisition of […]
Merit Functional Foods, its technology partner Burcon NutraScience, and Nestlé have signed a collaborative partnership for plant-based protein ingredients. The parties have signed a joint development agreement (JDA) in this connection with an objective to develop and commercialize the plant protein ingredients of Merit Functional Foods for use in the plant-based foods and beverages of […]
Nestlé has agreed to sell its US ice cream business to Froneri, its ice cream manufacturing joint venture with PAI Partners, for $4 billion, as per the latest food acquisition news. The ice cream business being divested by Nestlé in the US manufactures ice cream brands such as Häagen-Dazs, Outshine, and Drumstick. The Swiss food […]
Confectionery industry news : Nestle has launched two new permanent additions to its Nestle Crunch range in the form of Nestle Crunch Dark and Buncha Crunch Dark in the US. Nestle Crunch Dark Nestle Crunch Dark is a 100% real dark chocolate, which is available in a single bar package, weighing 1.5 oz and prized […]
Confectionery industry news : Nestle has completed its previously announced $2.8 billion sale of its US confectionery business to Italian chocolate manufacturer Ferrero. The Swiss food and beverage giant entered into the deal in January 2018 to sell its US confectionery business in a move to focus on its core products. Through the acquisition, Ferrero […]