Articles tagged as: Acquisition
Thursday, 18 January 2018 10:18
Following a great deal of speculation, Nestlé has agreed to sell its U.S. confectionery business to Ferrero for CHF 2.8 billion (£2.11bn) in cash. Nestlé’s 2016 U.S. confectionery sales reached about CHF 900 million (£677m), and the transaction is expected to close around the end of the first quarter of 2018 – following the completion of customary approvals and closing conditions. Nestlé CEO, Mar ...
Wednesday, 17 January 2018 11:58
Nestlé Australia has entered into an agreement with Adelaide-based family business Robern Menz (Mfg) Pty to sell its Violet Crumble brand for an undisclosed sum. Robern Menz will acquire the brand and its associated intellectual property, plant and equipment. Martin Brown, Nestlé General Manager Confectionery, says: “The sale of the Violet Crumble brand to Robern Menz recognises that they are wel ...