By Olivia Bugault

Nestle SA said Tuesday that its subsidiary Nestle Health Science has agreed to acquire Florida-based privately-held company IM HealthScience for an undisclosed amount.

Under the agreement, Nestle Health Science would acquire the business of IM HealthScience with its brands IBgard, FDgard, Fiber Choice and REMfresh, the Swiss food and beverage giant said.

"The IMH products offer proven and trusted solutions for dietary management of specific digestive problems as well as a separate solution for regulating sleep," Nestle Health Science's Chief Executive Greg Behar said.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

August 18, 2020 01:47 ET (05:47 GMT)

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