M&A Deal Summary

Nestlé Acquires Pfizer Nutrition

On December 1, 2012, Nestlé acquired food company Pfizer Nutrition from Pfizer for 11.9B USD

Acquisition Highlights
  • This is Nestlé’s 5th transaction in the Food sector.
  • This is Nestlé’s largest (disclosed) transaction.
  • This is Nestlé’s 9th transaction in the United States.

M&A Deal Summary
Date 2012-12-01
Target Pfizer Nutrition
Sector Food
Buyer(s) Nestlé
Sellers(s) Pfizer
Deal Type Divestiture
Deal Value 11.9B USD

Target

Pfizer Nutrition

United States
Pfizer Nutrition a Pfizer nutrition unit.

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Buyer(S) 1

Buyer

Nestlé

Vevey, Switzerland

website

Category Company
Founded 1866
Sector Food
Employees276,000
Revenue 92.9B CHF (2019)
DESCRIPTION

Nestlé is a large food, beverage, and consumer products company. The Company has more than 2000 brands amongst its portfolio and operates globally. Nestlé was originally established in 1866 and is based in Vevey, Switzerland.

DEAL STATS #
Overall 10 of 21
Sector (Food) 5 of 9
Type (Divestiture) 2 of 4
Country (United States) 9 of 14
Year (2012) 1 of 1
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-29 Peters Ice Cream

Victoria, Australia

Peters is an iconic Australian brand. The business has been manufacturing ice cream products in Australia since 1907. Peters holds market leadership positions in both the grocery and route channels, and its products cater to all segments of the market with household brands including Drumstick, Peters Original, Connoisseur and Maxibon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-07 Jenny Craig

Carlsbad, California, United States

Jenny Craig is a weight management services company. The Company provides consumers with a comprehensive weight management program that emphasizes personal support to help clients develop a healthy relationship with food, build an active lifestyle, and create a more balanced approach to living. Jenny Craig was founded in 1983 and is based in Carlsbad, California.

Sell -

Seller(S) 1

SELLER

Pfizer

New York, New York, United States

website

Category Company
Founded 1849
Sector Life Science
Employees8,300
Revenue 58.5B USD (2023)
DESCRIPTION
Pfizer office in Lake Forest, Illinois.
Pfizer office in Lake Forest, Illinois.

Pfizer is a global pharmaceutical company that is involved in the discovery, development, manufacture, and marketing of a wide range of healthcare products, including medicines and vaccines. The company's portfolio includes treatments across a broad spectrum of areas such as oncology, cardiology, neurology, and infectious diseases, among others. Pfizer was founded in 1849 and is based in New York, New York.

DEAL STATS #
Overall 9 of 18
Sector (Food) 2 of 2
Type (Divestiture) 9 of 15
Country (United States) 5 of 13
Year (2012) 1 of 1
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-22 NextWave Pharmaceuticals

Cupertino, California, United States

NextWave Pharmaceuticals is a specialty pharmaceutical company developing extended release OTC and prescription products for children and adults. NextWave Pharmaceuticals was founded in 2005 and is based in Cupertino, California.

Buy $700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-22 Zoetis

Parsippany, New Jersey, United States

Zoetis engages in the discovery, development, manufacture and commercialization of a diverse portfolio of animal health medicines and vaccines designed to meet the real-world needs of veterinarians and the livestock farmers and companion animal owners they support. Zoetis was founded in 1952 and is based in Parsippany, New Jersey.

Sell -
Mergr

Product

Company

Legal