Nestle are keen to invest more in the Infant Nutrition division of Nestle. Kurt Schmidt, the head of Nestle Nutrition said that “The infant nutrition market is one of the fastest growing in the food industry”
Pfizer Nutrition is a major children’s food manufacturer, which owns the Promil, SMA and S-26 Gold brands, with 85pc of its sales from emerging markets, and annual sales of $2.4bn.
Paul Bulcke, chief executive of Nestlé, said: “Infant nutrition has been at the heart of our company since it was founded in 1866. Pfizer Nutrition is an excellent strategic fit and this acquisition underlines our commitment to be the world’s leading nutrition, health and wellness company… they will complement our existing infant nutrition business perfectly.
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