TITLE

Nestle to buy Gerber for Novartis

PUB. DATE
May 2007
SOURCE
Food Processing (00156523);May2007, Vol. 68 Issue 5, p15
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Zurich, Switzerland-based food company Nestle SA is planning to purchase Gerber Products Co. from Novartis AG for $5.5 billion. Gerber is the leading U.S. maker of baby food that expects $1.95 billion sales in 2007. Nestle is planning to expand Gerber operations globally. The deal makes Nestle the world largest baby food company.
ACCESSION #
25235841

 

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