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Nestle revealed that it is in talks to acquire Bountiful Company, a known supplements, and vitamin maker. This information was shared with the public on Monday, April 26.
Nestle’s confirmation of the possible acquisition of Bountiful
Via a short press release, Nestlé confirmed that discussions about the acquisition of the global nutrition brand are ongoing. “Nestlé SA today announced that it is in discussions to acquire all or part of The Bountiful Company,” the company simply wrote.
As of this time, no additional details were provided, but there could be new progress as both sides are at the negotiation table. If the talks will show fruitful results, it was said that it would be Nestle’s latest multi-billion dollar acquisition in an effort to expand its portfolio in the food and nutritional market.
As per CNBC News, the Swiss company that makes Nescafe coffee and chocolate bars is backed by KKR private equity group, an American global investment company. Based on the report, the New York-headquartered PE firm has already started preparing for flotation.
Plans for Bountiful’s public offering
This means that KKR is taking steps to convert The Bountiful Company into a public business. It was said that the investment company is planning to value the former Nature's Bounty Co. at over $6 billion in an initial public offering or IPO.
At any rate, in this time of the COVID-19 pandemic, the public has turned to supplements and vitamins to boost and improve their health and overall well-being. Since Nestle has many brands that have not been generating profits, it has started pushing into health and nutrition; thus, the acquisition of The Bountiful Company is an important move.
Meanwhile, Nestle has been acquiring firms for its portfolio while also selling some of its brands that make less profit, such as its bottled water labels in Canada and the U.S. if it will successfully acquire The Bountiful Company, its sales are bound to grow as this supplement maker has a line of products that produced net sales of over $2 billion based on last year’s record ending in September.
