Nestlé Looks to Buy Maker of Nature's Bounty Vitamins
April 23 2021 - 12:46PM
Dow Jones News
By Miriam Gottfried and Cara Lombardo
Nestle SA is in talks to buy the maker of Nature's Bounty
vitamins for a price in the mid-single-digit billions, according to
people familiar with the matter, as the Swiss food giant pushes
further into nutritional offerings.
Nestlé could finalize a deal to buy the Bountiful Co. as soon as
next week, some of the people said, though it is not guaranteed
they'll reach an agreement. Bountiful has been planning an initial
public offering and could still opt for that path after all, or a
different deal.
In addition to Nature's Bounty vitamins, Bountiful's brands
include Pure Protein, which makes protein bars, Osteo Bi-Flex
joint-care supplements and Puritan's Pride vitamins and
supplements.
Bountiful is majority-owned by private-equity firm KKR & Co.
In a filing for the IPO earlier this month, Bountiful calls itself
the largest pure-play nutrition company in North America and one of
three largest in the world.
(MORE TO COME)
(END) Dow Jones Newswires
April 23, 2021 12:31 ET (16:31 GMT)
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