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Nestle to buy vitamin maker Bountiful

On Thursday, Nestle reported its biggest rise in quarterly sales for 10 years, helped by consumers who bought more packaged foods and tried to brighten up lockdowns with Starbucks at-home coffee or making treats with Carnation evaporated milk.
Nestle, the world’s largest packaged food company, has been in recent months expanding its presence in consumer healthcare, spending big money to acquire vitamin makers and medical nutrition companies.On Thursday, Nestle reported its biggest rise in quarterly sales for 10 years, helped by consumers who bought more packaged foods and tried to brighten up lockdowns with Starbucks at-home coffee or making treats with Carnation evaporated milk.
Currently Nestle is planning to buy Bountiful, which is majority-owned by private equity firm KKR Co & Inc, makes Nature’s Bounty vitamins, Osteo Bi-Flex joint-care supplements and Puritan’s Pride vitamins and supplements.

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