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