Nestle takes over US baby food leader | The Daily Star
12:00 AM, September 04, 2007 / LAST MODIFIED: 12:00 AM, September 04, 2007

Nestle takes over US baby food leader

Swiss food giant Nestle said on Monday that it had completed its 5.5 billion dollar (4.1 billion euros) takeover of Gerber, the biggest baby food maker in the United States.
The move, which took effect on September 1, followed successful conclusion of regulatory approval, Nestle said in a statement.
"This is a major step in Nestle's transformation into the world's leading nutrition, health and wellness company: it gives the group the number one position in the largest single baby food market worldwide, the USA, and clearly establishes Nestle Nutrition as the global leader in this sector," it added.
Nestle announced the deal to to buy Gerber from the Swiss pharmaceutical group Novartis in April, in a bid to secure Gerber's 79-percent market share in the United States, the world's largest baby food market.

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