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Nestlé has initiated a strategic review of The Better Health Company, its New Zealand-based health supplements business.

The Better Health Company was acquired by Nestlé Health Science in 2022 from CDH Investments and the company’s founding shareholders.

The business includes the Go Healthy supplement brand, which produces a range of dietary supplements and nutraceutical products including powdered beverages as well as vitamins and probiotics. It also includes a manufacturing facility in Auckland, and the Manuka honey brand Egmont.

The move comes amid ongoing portfolio streamlining efforts from the F&B giant in recent years, including a review of its wider vitamins, minerals and supplements segment initiated last year.

Last month, Nestlé agreed to sell a 50% stake in its water and premium beverages business to private equity firm Platinum Equity, resulting in the creation of a new joint venture, Peranel. The deal assigns an enterprise value of $5.6 billion to the new 50/50 JV.

The company has been focused on optimising its offerings by reviewing brands that have not met performance expectations, aligning with a broader portfolio streamlining trend among major multinational food and beverage businesses.

In recent years, a number of global F&B companies including Unilever and General Mills have undergone restructuring measures including divestitures and reviews of non-core business assets in efforts to unlock value and boost resilience to economic challenges.

Nestlé has confirmed it will assess a ‘full range of options' to position the business for future success,’ but emphasised there is no certainty on outcome or timing regarding the review of The Better Health Company.

The business will continue to operate as usual while the review is underway.