©Egmont Honey Online Store
Nestlé Health Science has agreed to acquire The Better Health Company from CDH Investments and founding shareholders.
The deal includes the manuka honey brand Egmont, the Go Healthy supplement brand and New Zealand Health Manufacturing, an Auckland facility that produces vitamins, minerals and supplements.
With the acquisition, Nestlé Health Science aims to strengthen its health and nutrition portfolio in New Zealand, which includes brands like Solgar supplements.
“Go Healthy and Egmont are trusted brands with a track record of strong growth which complement our global portfolio of active lifestyle and health and wellness nutrition brands very well,” said Nestlé Health Science’s head of Oceania, Asia, Middle East and Africa region, Paul Bruhn. “We also see the opportunity to accelerate growth in the region through the manufacturing facility in Auckland, which will enable us to bring new products to local markets faster.”
Nestlé New Zealand CEO, Jennifer Chappell, added that the deal would help solidify the company’s position in nutrition, health and wellness, while underscoring its commitment to New Zealand.
The transaction is expected to close in the fourth quarter of 2022, subject to regulatory approval. The financial terms of the deal have not been disclosed.
© FoodBev Media Ltd 2022
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