Nestlé to Buy Atrium Innovations for $2.3 Billion - News Summed Up

Nestlé to Buy Atrium Innovations for $2.3 Billion


LONDON—Nestlé SA agreed to buy Atrium Innovations Inc., a Canadian vitamin maker, for $2.3 billion, including the assumption of debt—expanding its range of consumer-health offerings as sales slow for packaged-food staples such as TV dinners and chocolate-powdered drinks. Atrium owns the Garden of Life and Pure Encapsulations supplement brands and is owned by a consortium of investors led by private-equity firm Permira. It will become part of Nestlé’s health-sciences arm, which makes products such as meal-replacement drinks...


Source: Wall Street Journal December 05, 2017 16:17 UTC



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