USA > Swiss’ Nestlé agrees to sell its U.S’ confectionery business to Italian Ferrero for $2.8 billion in cash

nestle logo Headquartered in Switzerland, Nestlé agrees to sell its U.S. confectionery business to Italy based Ferrero for $2.8 billion in cash. Representing about three percent of U.S. Nestlé Group sales, Nestlé’s U.S. confectionery business includes popular brands of chocolate such as Butterfinger, Crunch, BabyRuth, 100 Grand,  Raisinets, Chunky, OhHenry! and SnoCaps, as well as local sugar brands such as SweeTarts, LaffyTaffy, Nerds, FunDip, PixyStix, Gobstopper, BottleCaps, Spree and Runts. Nestlé’s 2016 U.S. confectionery sales reached about USD 900 million More …

USA > Switzerland based Nestlé invests $500 million to own 68% share in Blue Bottle

nestle logo Investing around $500 million in indie coffee brand, Blue Bottle, Nestlé has acquired 68 percent in the Bay Area- based company. Blue Bottle was founded in 2002 as a small roaster which currently has grown to 50 minimalist- cool- high end coffee shops in Bay Area, LA, NYC and Tokyo. The investment will enable Blue Bottle to invest in new More …

SPAIN > Switzerland based Nestlé invests 37 million euros ($ 44.3 million) to expand its Girona plant in Spain

nestle photoshop logo With the aim of developing its production capacity for instant coffee, Nestlé, a food multinational firm, has invested 37 million euros ($44.3 million) in Nescafé factory in Girona, Spain. According to Nestle CEO, Laurent Dereux, the new production line will feature the latest technology that will allow Nescafe to make the most technologically advanced products in larger volume. The production More …