The Bountiful Company sells core brands to Nestlé in US$5.75 billion deal

2 minute read
30 April 2021

On April 30, 2021, Nestlé and KKR entered into an agreement in which Nestlé will acquire core brands of The Bountiful Company for US$5.75 billion. The Bountiful Company is the number one pure-play leader in the highly attractive and growing global nutrition and supplement category.

The transaction includes the high-growth brands Nature's Bounty®, Solgar®, Osteo Bi-Flex® and Puritan's Pride® as well as the company's US private label business. These brands will be integrated into Nestlé Health Science, creating a global leader in vitamins, minerals and nutritional supplements. The transaction is expected to close in the second half of 2021, following the completion of customary closing conditions, including regulatory clearance.

Gowling WLG is Canadian and UK counsel to The Bountiful Company in this transaction. In Canada the team includes Frank Sur, Melanie Condic, Simanpreet Panaych, Drew Hubka, Amanda Danyluk, Blair Wentworth and Andrew Miles (corporate); Lewis Retik, Katrina Coughlin and Victor Zhao (regulatory); Ted Thiessen (tax); Max Brunette and Jonathan Lam (employment); Ian Macdonald and Elad Gafni (competition); Michelle Easton and Nelson Godfrey (IP); and Wendy Wagner (import/export and privacy). In the UK the team includes Ragi Singh and Amar Adatia (corporate) and Martin Chitty (employment).


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