Nestlé Health Science has announced the completion of its acquisition of the core brands of The Bountiful Company, a supplier of vitamins, minerals and herbal supplements.
The acquisition is aimed to complement Nestlé Health Science’s existing health and nutrition portfolio in terms of brands and sales channels.
Nigel Bathurst, Managing Director, Nestlé Health Science UK&I, said: “I’m delighted to welcome the Bountiful team to Nestlé. The Bountiful Company’s great people, brands and capability complement our strong focus on vitamins, minerals and supplements.
“We have a strong strategic and cultural fit driven by a shared mission to empower healthier lives through nutrition and science-based innovation.
“As more people are taking vitamins, minerals, herbals and supplements to boost their day-to-day wellbeing this acquisition gives us a broader range of trusted products and more ways to enhance the health of our consumers around the world."
Gordon Yule, Senior Commercial Director, UK, IRE & IBERIA, The Bountiful Company, said: “The Bountiful Company is delighted to be joining the Nestlé Health Science business combining our people and our shared purpose for improving the health and wellness of our consumers.
“Nestlé Health Science is already a leader in the field of nutritional science and with the addition of our brands, Solgar and Nature’s Bounty, which strategically complement their existing portfolio, we will create a world class VMHS business.”
The closing of the deal follows its initial announcement in April. The brands will join Nestlé’s broader portfolio including Vital Proteins, Minami, Garden of Life and Pure Encapsulations.