Nestlé completes Gerber acquisition
As a result of the successful conclusion of the regulatory process, Nestlé completed its acquisition of Gerber, the iconic US baby food brand, with effect from September 1.Consequently, about 4,500 Gerber employees will now be integrated to the Nestlé...
As a result of the successful conclusion of the regulatory process, Nestlé completed its acquisition of Gerber, the iconic US baby food brand, with effect from September 1.
Consequently, about 4,500 Gerber employees will now be integrated to the Nestlé Group.
This is a major step in Nestlé's intention to become the world's leading nutrition, health and wellness company. It gives the group the number one position in the largest single baby food market worldwide: the US. The acquisition of Gerber, which comes in the wake of the Jenny Craig and Novartis Medical Nutrition purchases, means Nestlé Nutrition is approaching CHF10 billion (Lm2.6 billion) in sales.
Consequently, about 4,500 Gerber employees will now be integrated to the Nestlé Group.
This is a major step in Nestlé's intention to become the world's leading nutrition, health and wellness company. It gives the group the number one position in the largest single baby food market worldwide: the US. The acquisition of Gerber, which comes in the wake of the Jenny Craig and Novartis Medical Nutrition purchases, means Nestlé Nutrition is approaching CHF10 billion (Lm2.6 billion) in sales.