Nestlé to sell health-supplements business for $1 billion
Nestlé will sell its mainstream vitamins, supplements and minerals business to Boston-based private-equity firm Yellow Wood Partners for $1 billion, as it tightens its portfolio and focuses on core categories.
By Joshua Kirby and Kelly CloonanConsumer-foods giant Nestle will sell its mainstream vitamins, supplements and minerals business for $1 billion to Boston-based private-equity firm Yellow Wood Partners, the latest move to tighten its portfolio and focus on core categories.The portfolio of seven bra…