Nestlé completes acquisition of Novartis Medical Nutrition
Nestlé has completed its acquisition of Novartis Medical Nutrition, with some 2,000 employees of Novartis joining the Nestlé Group.Novartis Medical Nutrition is complementary to Nestlé's Healthcare Nutrition business, and the combination of the two in...
Nestlé has completed its acquisition of Novartis Medical Nutrition, with some 2,000 employees of Novartis joining the Nestlé Group.
Novartis Medical Nutrition is complementary to Nestlé's Healthcare Nutrition business, and the combination of the two in over 40 countries increases Nestlé's capabilities to satisfy the needs of consumers with special nutritional requirements, the group said. The acquisition propels Nestlé into a strong number two position globally in the fast-growing and lucrative healthcare nutrition market, helping to accelerate the profitable development of the overall nutrition business.
Novartis Medical Nutrition is complementary to Nestlé's Healthcare Nutrition business, and the combination of the two in over 40 countries increases Nestlé's capabilities to satisfy the needs of consumers with special nutritional requirements, the group said. The acquisition propels Nestlé into a strong number two position globally in the fast-growing and lucrative healthcare nutrition market, helping to accelerate the profitable development of the overall nutrition business.