Nestlé has completed its acquisition of The Bountiful Company’s core brands.
The global food producer confirmed the transfer of the company’s Puritan’s Pride, Solgar, Sundown, Nature’s Bounty, Osteo Bi-flex and Ester-C labels to its portfolio in a statement released yesterday.
The transfer comes after Nestlé’s announcement on April 30 that it had entered into an agreement with The Bountiful Company to acquire the majority of its brands.
The closing of the deal represents Nestlé’s move into the industry lead position for minerals, vitamins, herbals and supplements in US retail, whilst also opening new channels for the producer across international markets.
The new acquisitions will join the company’s existing Nestlé Health Sciences brands, which include Nuun, Douglas Laboratories and Minami.
The Bountiful Company’s President for North America, Don Kerrigan, will also be joining Nestlé Health Science as the new chief executive for US operations.
“More people around the world are taking charge of their health, looking to vitamins, minerals, herbals and supplements to fill gaps or provide extra support”, Nestlé Health Science chief executive Greg Behar said.
“Today we’re pleased to welcome four thousand new employees into Nestlé Health Science with our acquisition of the key brands from The Bountiful Company.
“The acquisition gives us a broader range of trusted products and more ways to enhance the health of customers around the world.”
Kerrigan added: “Today’s announcement marks an important milestone in The Bountiful Company’s journey and an exciting new phase for our well recognised, winning brands and the talented teams who have helped build them.
“I’m proud to be leading this powerful organisation and know that together we will leverage our collective capabilities, brands and teams to further empower healthier lives through nutrition.”