USA: Nestle among possible suitors for Hain Celestial – reports

Nestle, the FMCG giant, is rumoured to be among companies considering a move for Hain Celestial, the US-based manufacturer of health and wholefoods.

News agency Bloomberg reports that the Swiss firm has held preliminary talks about purchasing all or parts of Hain Celestial, according to “people familiar with the matter”.

Bloomberg further cites its sources as saying that other US manufacturers, as well as buyout firms, could emerge as potential suitors, or that alternatively Hain Celestial may decide against a sale.

Nestle is among a number of leading FMCG firms that have been seeking to diversify into  niche, premium and health-focused categories over recent times, in a bid to find new avenues for growth. In just the past few months, the Vevey-based firm has invested in the acquisition of coffee firms Chameleon Cold Brew and Blue Bottle Coffee, as well as plant foods manufacturer Sweet Earth.

Source: Bloomberg

 

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