Nestlé sells Jenny Craig in North America and Oceania
(Thomson Reuters ONE) -
Nestlé S.A. /
Nestlé sells Jenny Craig in North America and Oceania
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This press release is also available in French (pdf) and German (pdf)
.............
* Nestlé divests Jenny Craig businesses in North America and Oceania to North
Castle Partners
* North Castle Partners: a leading private equity firm that invests in high-
growth, middle market businesses
* Financial details of the transaction not disclosed
Vevey, 7(th) November 2013 - Nestlé today announced it has sold its weight
management business Jenny Craig in North America and Oceania to a US-based
private equity group North Castle Partners. The Jenny Craig business in France
is not part of the transaction.
The new owners will take over the businesses and offer employment to Jenny Craig
staff in North America and Oceania.
North Castle Partners is a Connecticut-based leading US private equity firm that
invests in businesses that promote health, wellness and active living. Jenny
Craig was founded in 1983 and offers consumers weight management programmes
tailored to their specific needs. It has been part of Nestlé Nutrition since
2006. Nestlé Nutrition is part of Nestlé, the world's leading Nutrition, Health
and Wellness company. Nestlé employs more than 330,000 people and its products
are sold in almost every country in the world.
The transaction is subject to customary closing conditions and the financial
details will not be disclosed.
Contacts
Media: Robin Tickle Tel.: +41 21 924 22 00
Investors: Roddy Child-Villiers Tel.: +41 21 924 36 22
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Nestlé S.A. via Thomson Reuters ONE
[HUG#1741347]
Unternehmensinformation / Kurzprofil:
Datum: 07.11.2013 - 07:15 Uhr
Sprache: Deutsch
News-ID 313702
Anzahl Zeichen: 2438
contact information:
Town:
Vevey
Kategorie:
Business News
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