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Nestle buys Jenny Craig diet firm for $600 million
Switzerland's Nestle bought U.S. weight-loss company Jenny Craig for around $600 million, it said on Monday, expanding its high-margin nutrition and health business. I'm not sure how the diet community will react when they start seeing Nestle candy pop up in diet plans!
Nestle, the world's largest food company, bought the California-based company from a private equity group including ACI Capital and MidOcean Partners, it said, adding the deal would not dilute group earnings. "This acquisition will ... reinforce Nestle Nutrition's presence in the USA, the world's largest nutrition and weight management market," Nestle said in a statement. Jenny Craig offers its products in the U.S., Canada, Australia and New Zealand.
Posted by | Mon, Jun 19, 2006 - 06:32 AM
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