Today: December 14, 2017, 11:07 am
  
Business

Nestlé extends consumer healthcare portfolio by agreeing to acquire Atrium Innovations

PR-Inside.com: 2017-12-05 17:33:03

Nestlé S.A. / Nestlé extends consumer healthcare portfolio by agreeing to acquire Atrium Innovations . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.


This press release is also available in Français (pdf) and Deutsch (pdf)


.............

 


Vevey, 5 December 2017

Nestlé extends consumer healthcare portfolio by agreeing to acquire Atrium Innovations

Nestlé today announced that it agreed to acquire privately-held Atrium Innovations, a global leader in nutritional health products, from a group of investors led by Permira Funds for USD 2.3 billion in cash. Atrium's 2017 sales are expected to reach almost USD 700 million.

The move supports Nestlé's pursuit of growth opportunities in consumer healthcare to complement the company's focus on its high-growth food and beverage categories. The transaction is expected to close in the first quarter of 2018 following the completion of customary approvals and closing conditions.

Upon closing, Atrium, with its corporate offices in Quebec, Canada, will become part of Nestlé Health Science. Its existing management team will continue to manage the business, led by Peter Luther, Atrium Innovations President and Chief Executive Officer.

Greg Behar, Nestlé Health Science Chief Executive Officer said: "We value Atrium's history as a highly successful company and welcome its 1,400 employees to the Nestlé family. Their brands are a natural complement to our Consumer Care portfolio, which offers nutritional solutions in the areas of Healthy Aging, Healthy Growing, Gut Health and Obesity Care. Atrium's portfolio will extend our product range with value-added solutions such as probiotics, plant-based protein nutrition, meal replacements and an extensive multivitamin line, enabling consumers to address their health and wellness goals."

Behar added, "Atrium's established brands are in attractive categories and have the potential for continued strong growth as part of Nestlé through category, channel and geographic expansion. It also represents additional offerings in the segment for non-GMO, organic and natural supplements, a fast-growing consumer trend, as well as a new sales channel."

Peter Luther said: "Since Atrium was established in 1999, we have been dedicated to providing premium-quality, science-based, professionally recognized products to consumers and healthcare practitioners. We are very pleased to be joining Nestlé Health Science as we share a common purpose of helping people lead healthier lives by providing good-for-you products made with the highest standards for quality and efficacy. Nestlé will provide Atrium with the resources to accelerate the growth of our brands and reach more people globally."

Atrium's largest brand, Garden of Life®, is the #1 brand in the natural supplement industry in the U.S. Garden of Life, headquartered in Palm Beach Gardens, Florida, manufactures certified organic, non-GMO supplements that are sold in more than 14,000 health food stores and online in the U.S., as well as select markets internationally.

Pure Encapsulations® is a full line of hypoallergenic, research-based dietary supplements, and is the #1 recommended brand in the U.S. practitioner market. Pure Encapsulations, headquartered in Sudbury, Massachusetts, product line is free from common food allergens, GMOs, fillers, binders and artificial colors and is sold in the U.S. via healthcare practitioners, online as well as in pharmacies in several markets in Europe.

The remainder of the Atrium portfolio includes strong specialty brands like Wobenzym®, Douglas Laboratories®, Genestra Brands(TM), Orthica®, AOV®, Minami®, Klean Athlete®, Pharmax and Trophic(TM).




Contacts:

Media: Robin Tickle Tel.: +41 21 924 22 00
Investors: Steffen Kindler Tel.: +41 21 924 35 09





This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nestlé S.A. via Globenewswire




# 893 Words
Related Articles
More From The Author
EPAM Develops Automotive-Optimized Cloud Computing Reference [..]
EPAM's Software-First View Enables Transformative Business Models for Hardware-Centric Auto Industry NEWTOWN, Pa., Dec. [..]
Aptean Further Expands Healthcare Offerings With Acquisition [..]
ALPHARETTA, Ga., Dec. 05, 2017 (GLOBE NEWSWIRE) -- Aptean, a leading global provider of mission-critical enterprise software solutions, [..]
Uniserve announces new Director of Sales
VANCOUVER, British Columbia, Dec. 05, 2017 (GLOBE NEWSWIRE) -- Uniserve Communications Corporation (the "Company") is [..]
EDEKA Aschoff Selects GLORY Cash Handling Solution
EDEKA Aschoff in Kassel, Germany, is deploying GLORY’s CI-10 cash recyclers at its cashier operated and self-service checkouts. The [..]
Nieuwe Europese GDPR-studie van SolarWinds MSP onder [..]
36% van de IT leveranciers en 37% van de eindgebruikers bereiden zich voor op GDPR compliancy; slechts 10% van de [..]
 
More From Business
Cirtek Holdings Philippines Corp Holds Its First-Ever [..]
SAN FRANCISCO, CA, Dec 8, 2017 - (ACN Newswire) - All-Asia institutional equities broker Decker & Co. hosted Cirtek Holdings [..]
Business of Intellectual Property (BIP Asia) Forum [..]
Industry Experts Gather in Hong Kong to Promote IP and Innovation HONG KONG, Dec 7, 2017 - (ACN Newswire) - [..]
Select the best flower and present it [..]
You can send flowers to your friends and relatives within the city. You can also present flowers to your beloved [..]
European Tech Startup LivingPackets Launches Pilot International [..]
A game-changing international delivery startup LivingPackets has secured support of the five-star St Pancras Renaissance Hotel, [..]
Experienced Business Coaches Launch “Business Wingmen” Podcast [..]
SANTA ANA, Calif., - November 27, 2017- Two prominent Orange County business coaches announced the formation and launch of [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.