Nestle is expanding its health and nutrition portfolio by acquiring The Bountiful Company’s core brands.
The deal, which is estimated to worth US$5.75 billion, will include Nature’s Bounty, Solgar, Osteo Bi-Flex and Puritan’s Pride. The Bountiful Company’s sports and active nutrition brands Pure Protein, Body Fortress and MET-Rx, as well as Dr.Organic and the Canadian over-the-counter (OTC) business are excluded.
The acquisition is set to close in the second half this year.
“Vitamins and supplements are a key part of our business and have contributed to strong growth acceleration,” said Greg Behar, CEO at Nestle Health Science. “This acquisition complements our existing health and nutrition portfolio in terms of brands and channels.”
Nestle Health Science’s current vitamins, minerals and supplements brands include Garden of Life, Vital Proteins, Pure Encapsulations, Wobenzym, Douglas Laboratories, Persona Nutrition, Genestra, Orthica, Minami, AOV and Klean Athlete.