Nestlé and KKR have entered into an agreement in which the former will acquire core brands of The Bountiful Company for US$5.75 billion. The Bountiful Company is the number one pure-play leader in the highly attractive and growing global nutrition and supplement category.The transaction includes the high-growth brands Nature&8217;s Bounty, Solgar, Osteo Bi-Flex and Puritan’s Pride as well as the company&8217;s US private label business. These brands will be integrated into Nestlé Health Science, creating a global leader in vitamins, minerals and nutritional supplements. The Bountiful Company&8217;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, which do not complement the Nestlé Health Science portfolio, are not included in the deal. The transaction is expected to close in the second half of 2021, following the completion of customary closing conditions, including regulatory clearance.Nestlé and KKR have entered into an agreement in which the former will acquire core brands of The Bountiful Company for US$5.75 billion. The Bountiful Company is the number one pure-play leader in the highly attractive and growing global nutrition and supplement category.&8220;Vitamins and supplements are a key part of our business and have contributed to strong growth acceleration,&8221; said Nestlé Health Science CEO Greg Behar. &8220;This acquisition complements our existing health and nutrition portfolio in terms of brands and channels. It will establish Nestlé Health Science as the industry leader in mass retail, specialty retail, e-commerce and direct-to-consumer in the US, while offering significant opportunities for geographic gferrous sulfate 7 hydrate sdsrowth.&8221;Nestlé and KKR have entered into an agreement in which the former will acquire core brands of The Bountiful Company for US$5.75 billion. The Bountiful Company is the number one pure-play leader in the highly attractive and growing global nutrition and supplement category.&8220;Today&8217;s announcement from Nestlé Health Science recognises the transformation of The Bountiful Company over the past 3+ yeaferrous bisglycinate tabletrs, as well as the collective value and capability of the organisation. I am incredibly grateful to the more than 4,500 colleagues around the globe who have worked tirelessly to get us to this point,&8221; said Paul Sturman, president and CEO, The Bountiful Company. &8220;As a leader in global nutrition, we take seriously our responsibility and role in consumers&8217; health and wellness. We&8217;re incredibly proud of the trusted brands we&8217;ve built and are confident that they will be strong assets for Nestlé.&8221;Nestlé and KKferrous fumarate formulaR have entered into an agreement in which the former will acquire core brands of The Bountiful Company for US$5.75 billion. The Bountiful Company is the number one pure-play leader in the highly attractive and growing global nutrition and supplement category.The transaction is valued at US$5.75 billion on a cash free, debt free basis, representing a multiple of 3.1x net sales and 16.8x EBITDA as of March 31, 2021. Net sales of the acquired brands were US$1.87 billion in the last 12 months ending March 31, 2021, with an EBITDA of 18.3%. This EBITDA will be negatively affected by one-off integration costs, which will be slightly dilutive to Nestlé&8217;s underlying trading operating profit margin in 2021. The margin is expected to increase above the Nestlé Group average once synergies are fully implemented by 2024.Nestlé and KKR have entered into an agreement in which the former will acquire core brands of The Bountiful Company for US$5.75 billion. The Bountiful Company is the number one pure-play leader in the highly attractive and growing global nutrition and supplement category.By combining The Bountiful Company&8217;s core assets together with Nestlé&8217;s leading science aferrous fumarate or ferrous bisglycinatend innovation in health and nutritiferric pyrophosphate vs iron polymaltoseon, the latter is well placed to accelerate benefits in prevention and treatment solutions to consumers across the world.
Nestle set to acquire core brands of The Bountiful Company for US$5.75 bn
