The investment includes a new infant formula plant in Minas Gerais, upgrades to an existing nutrition facility and a 15% increase in whey production.
The divestment covers Nature’s Bounty, Osteo Bi-Flex and Puritan’s Pride as Nestlé focuses its portfolio on coffee, petcare, food and snacks.
Thomas Conquet takes charge of Nestlé’s UK waters and premium beverages portfolio as the company expands premium brands and launches new Maggi Ramen products.
Nestlé Nigeria recorded its seventh consecutive profitable quarter while strengthening its balance sheet and advancing plans for a new water business joint venture.
Nestlé and Platinum Equity will establish Peranel, a dedicated global water and premium beverages company spanning more than 30 brands sold across 120 countries.