Trademagazin > News and articles > Company and Personal News > Nestle to buy Gerber for $5.5 billion from Novartis
Nestle to buy Gerber for $5.5 billion from Novartis
The deal is expected to be completed during the second half of 2007.
Gerber dominates the baby-food market in the United States, with a 79 percent
share, according to Morgan Stanley, and will generate sales of around $1.95
billion this year
Nestle is the world's largest manufacturer of infant nutritional products —
largely through its leading positions in developing countries such as Brazil
and China — but had no presence in baby food in the United States.
Related news
More related news >
Related news
The Fressnapf group opened a customer service center in Pécs
Fressnapf International Business Services Kft., a subsidiary of the German…
Read more >DHL arrived at the Hungaroring for the Formula 1® weekend with a doubled fleet of trucks powered by biofuel
DHL and Forma-1® are already in Mogyoród, the FORMA-1® HUNGARIAN…
Read more >McDonald’s is renewed and growing
McDonald’s is constantly opening new restaurants and modernizing its existing…
Read more >