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    NESN   CH0038863350

NESTLÉ S.A.

(NESN)
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Press Release: Nestle: Nestlé to acquire core brands of The Bountiful Company, expands health and nutrition portfolio

04/30/2021 | 04:19am EDT
 
 
   This press release is also available in Français (pdf) 
https://www.globenewswire.com/Tracker?data=p5dp_DLIxgA_NNu6IIavSfDMtK-9bVtV298QyW6CR-M7Imc-GAHtkklD05iwXAE_7_h-selfC6d1jN5IRzjrXHsuZ-zlvt2jkMqddtFX1qWIaiRkx3xL78HojILZBHRyyaNah3Lbx3_wm8F5zmOJK-c8PznFLjds2cJ9e6Dw8ANAlolQo4B5kb8sZOpbHIsg 
and Deutsch (pdf) 
https://www.globenewswire.com/Tracker?data=C2orzqQ4GQCby-sage8b5xafrhA5QIJ19nvTM_STOTma89zoObYyE3TqDUjbfC_2ipc-MlUWtZtxi5kTwDzOt8GiBlHdOwv0GjGbr_RT-4jAZebPRygyVafAWyAC4bz5nxR9k4i22W2xPbAtuHaWwoZ0WJGxCa3HF9g1wWIhMPoAi2M6cvaw7imKuOTkh_Ks 
 
 
   ............. 
 
 
 
   Vevey, April 30, 2021 
 
 
 
   Nestlé to acquire core brands of The Bountiful Company, expands 
health and nutrition portfolio 
 
   Nestlé and KKR today have entered into an agreement in which 
Nestlé will acquire core brands of The Bountiful Company for USD 
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(R), 
Solgar(R), Osteo Bi-Flex(R) and Puritan's Pride(R) 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 Bountiful Company's sports and 
active nutrition brands Pure Protein(R), Body Fortress(R) and MET-Rx(R), 
as well as Dr.Organic(R) and the Canadian over-the-counter (OTC) 
business, which do not complement the Nestlé Health Science 
portfolio, are not included in the deal. The transaction is expected to 
close in the second half of 2021, following the completion of customary 
closing conditions, including regulatory clearance. 
 
   "Vitamins and supplements are a key part of our business and have 
contributed to strong growth acceleration," said Nestlé Health 
Science CEO Greg Behar. "This acquisition complements our existing 
health and nutrition portfolio in terms of brands and channels. It will 
establish Nestlé Health Science as the industry leader in mass 
retail, specialty retail, e-commerce and direct-to-consumer in the US, 
while offering significant opportunities for geographic growth." 
 
   "Today's announcement from Nestlé Health Science recognizes the 
transformation of The Bountiful Company over the past 3+ years, as well 
as the collective value and capability of the organization. I am 
incredibly grateful to the more than 4,500 colleagues around the globe 
who have worked tirelessly to get us to this point," said Paul Sturman, 
President and CEO, The Bountiful Company. "As a leader in global 
nutrition, we take seriously our responsibility and role in consumers' 
health and wellness. We're incredibly proud of the trusted brands we've 
built and are confident that they will be strong assets for 
Nestlé." 
 
   The transaction is valued at USD 5.75 billion on a cash free, debt free 
basis, representing a multiple of 3.1x net sales and 16.8x EBITDA as of 
March 31, 2021. Net sales of the acquired brands were USD 1.87 billion 
in the last twelve months ending March 31, 2021, with an EBITDA of 
18.3%. This EBITDA will be negatively affected by one-off integration 
costs, which will be slightly dilutive to Nestlé's underlying 
trading operating profit margin in 2021. The margin is expected to 
increase above the Nestlé Group average once synergies are fully 
implemented by 2024. 
 
   By combining the The Bountiful Company's core assets together with 
Nestlé's leading science and innovation in health and nutrition, 
Nestlé is well placed to accelerate benefits in prevention and 
treatment solutions to consumers across the world. 
 
   Nestlé Heath Science's current vitamins, minerals and supplements 
brands include Garden of Life(R), Vital Proteins(R), Pure 
Encapsulations(R), Wobenzym(R), Douglas Laboratories(R), Persona 
Nutrition(R), Genestra(R), Orthica(R), Minami(R), AOV(R) and Klean 
Athlete(R). 
 
   +++ 
 
   About Nestlé Health Science 
 
   Nestlé Health Science, a leader in the science of nutrition, is a 
globally managed business unit of Nestlé. We are committed to 
redefining the management of health, offering an extensive portfolio of 
science-based consumer health, medical nutrition, pharmaceutical 
therapies, and vitamin and supplement brands. We believe in empowering 
healthier lives through nutrition. Our extensive research network, both 
within Nestlé's R&D centers as well as with external partners, 
provides the foundation for products that can help people to live their 
healthiest lives. Headquartered in Switzerland, we have more than 7,000 
employees around the world, with products available in more than 160 
countries. www.nestlehealthscience.com 
 
   About The Bountiful Company 
 
   The Bountiful Company is a pure play branded leader in global nutrition, 
living at the intersection of science and nature. As a manufacturer, 
marketer and seller of vitamins, minerals, herbal and other specialty 
supplements, and active nutrition products, we are focused on enhancing 
the health and wellness of people's lives. The Bountiful Company's 
portfolio of trusted brands includes Nature's Bounty(R), Solgar(R), Pure 
Protein(R), Osteo Bi-Flex(R), Puritan's Pride(R), Sundown(R), Body 
Fortress(R), MET-Rx(R), Ester-C(R) and Dr.Organic(R). For more 
information, visit Bountifulcompany.com 
https://www.globenewswire.com/Tracker?data=DpDluKjdKdnsbeoCvHUrv8tlpTx71Rmb0ROC0PB1Za5vde-OYsS_NK5VYmxose1Povn-L3kwlvaRwUKwhp8CoGKhpg7Ep6CJ8iEP1siXm1A= 
and follow us on LinkedIn 
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, Facebook 
https://www.globenewswire.com/Tracker?data=aMaEIuzcOxGHj5hCgfYYcyQGAtEAWozdMyWy7EIuEFfcp_lXJlViXeyu6josIZQ9E24Dgm3O1xyd0Tm7ic8mCKgDhkHYwqlnSQObIVU3xNM= 
and Twitter 
https://www.globenewswire.com/Tracker?data=kPF8n7qcSw1RLqYM-moXYFnQ_lT1if4XQVnRWnWz6abdOy8tYw7ITqTS1Hct3Vy03JqVAqOtNMiSfRGwHVqf4ayXzIb8KbB5-2i0Mqz7HH8= 
. 
 
 
 
 
 
   Contacts: 
 
 
 
   Media: 
 
   Christoph Meier  Tel.: +41 21 924 2200 
 
   mediarelations@nestle.com 
https://www.globenewswire.com/Tracker?data=uiSktUbbqJ1S1m3oHtGmFRPYeU7AlIBpGQ_Z4VDtoHMY43Z8S8NwiWSKxy7_zZuRgzMRUgdeH3s9qSk-696hB8HPgnAVc2RpxVGdhV7HNHfp3fKCQmc_xyZUQwC8meGK 
 
 
 
 
   Jacquelyn Campo Tel.: +41 79 598 1163 
 
   NestleHealthScience.External@nestle.com 
https://www.globenewswire.com/Tracker?data=ByfJh-axEjXbnEB8FAGBy22dZjQxlMMSSkOwXTUnHqBw1USzaU5D6fPQcXYSuaRxgS_DT8Yj8kYwbsx3iud3s7j9H6G1QK2cFK7WM3nw3Ot4qqxDz3Pzc8gOycmd_5Qjysui0x03cY23cvd0cZG2Yg== 
 
 
 
 
   Investors: 
 
   Luca Borlini  Tel.: +41 21 924 3509 
 
   ir@nestle.com 
https://www.globenewswire.com/Tracker?data=j5z83ZvzeIckfIQcxkRlK1EMqD1maHLsVJbhnVMZE1xpw8UgdEg-XbdnlV-eIH5GVl1MTE1GCPSX3XtUwwbAsw== 
 
 
 
 
 

(END) Dow Jones Newswires

April 30, 2021 01:15 ET (05:15 GMT)

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Financials
Sales 2021 85 531 M 94 782 M 94 782 M
Net income 2021 12 012 M 13 312 M 13 312 M
Net Debt 2021 32 685 M 36 221 M 36 221 M
P/E ratio 2021 25,4x
Yield 2021 2,62%
Capitalization 307 B 339 B 340 B
EV / Sales 2021 3,97x
EV / Sales 2022 3,85x
Nbr of Employees 273 000
Free-Float 97,7%
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Technical analysis trends NESTLÉ S.A.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 117,76 CHF
Last Close Price 108,84 CHF
Spread / Highest target 20,4%
Spread / Average Target 8,20%
Spread / Lowest Target -10,9%
EPS Revisions
Managers and Directors
NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Paul Bulcke Chairman
Stefan Palzer Chief Technology Officer & Executive VP
Magdi Batato Head-Operations & Executive Vice President
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