THE WHAT? Nestlé has confirmed it is in talks regarding a buyout of Bountiful Country, the company behind Nature’s Bounty vitamins, according to a report by the FT.
THE DETAILS Nestlé confirmed it was looking to buy ‘all or part’ of the company, which is backed by private equity group KKR and had been eyeing a flotation.
According to Bloomberg, KKR had been planning on valuing the company at more than $6bn in an IPO.
THE WHY? The buy-out would be in line with Nestlé’ plans to divest less profitable parts of the company in favor of a move into the health and nutrition industry, which has boomed amidst the ongoing COVID-19 crisis.