Nestlé to acquire core brands of The Bountiful Company, the in-house lawyers
Nestlé will acquire, from the US-based global investment firm KKR, core brands of The Bountiful Company for 5.75 billion usd.
The transaction includes the high-growth brands Nature’s Bounty, Solgar, Osteo Bi- Flex and Puritan’s Pride as well as the company’s US private label business.
The acquired brands will be integrated – according to the company’s press release – into Nestlé Health Science, creating a global leader in vitamins, minerals and nutritional supplements. The transaction is expected to close in the second half of 2021, following the completion of customary closing conditions, including regulatory clearance.
According to legalcommunity.ch‘s sources, for Nestle legal aspects of the deal were followed in-house by a team led by the general counsel Leanne Geale (pictured). The Bountiful Company acted with its GC Stratis Philippi and KKR acted with the GC David J Sorkin.
The Bountiful Company is a US-based manufacturer and distributor of nutritional supplements.