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In January 2018, Nestlé USA announced it was selling its US confectionary business including the 100 Grand, BabyRuth, Butterfinger, OhHenry!, Raisinets and SnoCaps to Ferrara Candy Company, an american based chocolate and candy maker and Ferrero-related company. [68] The company was sold for a total of an estimated $2.8 billion. [68]
Gerber Products Company is an American purveyor of baby food and baby products headquartered in Fremont, Michigan. Gerber Products Company is a subsidiary of Nestlé . Other Gerber products include breastfeeding pumps and other supplies, baby bottles and nipples, and health care products including tooth and gum cleanser and vitamin drops.
In January 2023, Purina was the largest pet care company in the US. [114] The same year, in March, it was announced that Purina PetCare was the second largest category of Nestlé, following coffee, and had the largest market share in the U.S. [115] During the first three months of 2023, Purina PetCare sales were US$5,267 million. [116]
The sale of Nestle Waters North America to One Rock Capital Partners LLC and Metropoulos & Co. was concluded for US$4.3 billion in early April 2021. [18] On April 7, 2021, the company announced that it had changed its name to BlueTriton Brands , a reference to the Greek god Triton .
Since its inception, the company has raised $120 million from investors as of 2017. [12] In February 2015, Blue Bottle Coffee opened its first location in Tokyo, Japan, in the Kiyosumi neighborhood. [13] In September 2017, Nestle S.A., the world's largest food and drinks company, acquired a majority stake of Blue Bottle. [14]
Nestle remains committed to confectionery despite unloading its U.S. chocolate operations during a review of the food giant's operations, Chief Executive Mark Schneider told an event in ...
Nestlé owns 23.29% of L'Oréal, the world's largest cosmetics and beauty company, whose brands include Garnier, Maybelline, Lancôme and Urban Decay. Nestlé owned 100% of Alcon in 1978. In 2002 Nestlé sold 23.2% of its Alcon shares on the New York Stock Exchange.
Freixe joined Nestle in 1986, and has been on the Swiss company’s executive board for 16 years. In his most recent role he was CEO of Zone Americas.