Nestle acquires Pfizer’s infant nutrition division

As reported by the Telegraph, Nestle in a strategic move to enhance its position in global infant nutrition, has agreed to acquire Pfizer Nutrition Nestle acquires Pfizer’s infant nutrition divisionfor USD 11.85 billion.

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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Nestlé to create 300 jobs in Derbyshire

As reported by the BBC, Nestlé is to create 300 jobs as a result of its £110m investment in its Nescafé Dulce Gusto coffee manufacturing plant in Derbyshire.

The investment will treble the production capacity of the plant and will add twelve new high-speed production lines which will be used to make coffee pods to be sold in the UK and 40 other countries across the world.

Nestlé’s plant in Derbyshire has experienced high growth over the years and is set to rise o 800 by 2013.

These newly created jobs in Derbyshire will be part of Nestlé’s first intake into their new Academy which will aim to increase the number of graduates to the company.

Prime Minister David Cameron described the announcement as “brilliant news for UK manufacturing and for the local community”.

Speaking of the announcement, Paul Gimwood, chairman and chief executive officer of Nestlé UK and Ireland, said: “The team there have really focused on quality output, efficiency and really making the best plant that we have for this type of product worldwide.

“That’s actually meant that when we’ve come to spend extra money and put extra investment in, it’s been a bit of a no-brainer to actually say the money should go to Tutbury.”

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Nestlé Acquires Diagnostics Company

As reported by The Telegraph, the global brand Nestlé have acquired the Diagnostics company Promentheus Laboratories which specialises in manufacturing equipment used to diagnose bowel complaints.

The deal is a calculated move by Nestlé to expand their recently established Health Sciences Division who are focusing on developing foods that can be used in the treatment of disease.

Luis Cantarell, the man that heads up the Health Sciences Division at Nestlé, stated, “The largest drug you have in your repertoire is the food you eat.”

In order for the division to achieve their ambitions, Nestlé have also recently purchased CM&D Pharma, a UK-based company which was instrumental in developing chewing gum to treat kidney disorders, as well as Vitaflo, a Liverpool-based organisation which specialise in manufacturing nutritional supplements for people with digestive disorders.

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