Nestlé Health Science have entered into an agreement with Nuun, a leader in functional hydration, in which Nestlé Health Science will acquire Nuun. The acquisition complements Nestlé Health Science’s existing broad portfolio of active lifestyle nutrition brands with Nuun’s range of clean, low-sugar, effervescent tablets and powders.
The transaction is expected to close in Q3 2021. Financial details are not being disclosed.
On the press release, Greg Behar, CEO of Nestlé Health Science was quoted “Nuun is a leader in the fast-growing functional hydration category with its high-quality, clean, plant-based products. We look forward to combining our companies’ expertise to bring Nuun to more people around the world.”
According to legalcommunity.ch‘s sources, for Nestlé legal aspects of the deal were followed in-house by a team led by the general counsel at Nestlé Health Science Claudio Kuoni (pictured).
Nestlé Health Science, a leader in the science of nutrition, is a globally managed business unit of Nestlé.