Nestle buys Gerber
This article was originally published in The Tan Sheet
Executive Summary
Nestle will pay $5.5 bil. to acquire the Gerber baby food brand and assume the top position in the U.S. baby food market, the company announces April 12. The purchase follows Nestle's recent acquisitions of Jenny Craig and Novartis Medical Nutrition. The deal will bring annual sales for Nestle Nutrition to nearly $8.2 bil. and will provide the division "with an enhanced critical mass and access to the Group's global R&D network to drive innovation," Nestle says. The firm expects the deal to be completed during the second half of 2007. Plans to expand its baby food business align with Nestle's recent announcement that it will launch a probiotic infant formula...
You may also be interested in...
EU Regulatory Assessors Get AI Boost In Reaching Scientific Decisions
The European Medicines Agency is training scientific staff working for the European medicines regulatory network in how to use a new AI-powered search engine that allows them to easily retrieve information on regulatory precedents.
EU Parliament Stricter Than Council On Medicines And Medical Devices Packaging
The EU Parliament's Environment, Public Health and Food Safety committee takes a compromise position with regards to the Packaging and Packaging Waste Directive. Medicines and medical devices should be exempt, but only until 2035, at which point the European Commission should check whether the development of materials and the recycling process have progressed, and may adjust this exemption accordingly.
Stay Or Exit? Global Health Players Ponder New China Trajectory
It's again the time of year when global CEOs descend on China's capital to discuss strategies. This year, however, the mood is different.