M&A Deal Summary

Food Wise Co. Acquires Nestlé S.A. - Yinlu Peanut Milk and Canned Rice Porridge Business

On November 25, 2020, Food Wise Co. acquired food company Nestlé S.A. - Yinlu Peanut Milk and Canned Rice Porridge Business from Nestlé

Acquisition Highlights
  • This is Food Wise Co.’s 1st transaction in the Food sector.
  • This is Food Wise Co.’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2020-11-25
Target Nestlé S.A. - Yinlu Peanut Milk and Canned Rice Porridge Business
Sector Food
Buyer(s) Food Wise Co.
Sellers(s) Nestlé
Deal Type Divestiture

Target

Nestlé S.A. - Yinlu Peanut Milk and Canned Rice Porridge Business

Vevey, Switzerland
Nestlé S.A.'s Yinlu Peanut Milk and Canned Rice Porridge Business include its five factories in Fujian, Anhui, Hubei, Shandong and Sichuan.

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Buyer(S) 1

Buyer

Food Wise Co.

China

Category Company
Sector Food
DESCRIPTION

Food Wise Co., Ltd. is a producer of food products. Food Wise is based in China.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Switzerland M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Nestlé

Vevey, Switzerland

Category Company
Founded 1866
Sector Food
Employees251,786
Revenue 91.7B CHF (2024)
DESCRIPTION

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


DEAL STATS #
Overall 18 of 20
Sector: Food M&A 11 of 11
Type: Divestiture M&A Deals 15 of 17
Country: Switzerland M&A 3 of 4
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-30 Freshly

Tempe, Arizona, United States

Freshly, Inc. delivers a menu of fresh, chef-cooked meals to customers across the country, breaking down the barriers to healthy eating by delivering nutrition and convenience at scale. Freshly, Inc. was founded in 2015 ad is based in Tempe, Arizona.

Buy $950M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 BlueTriton Brands

Stamford, Connecticut, United States

BlueTriton Brands offers an extensive portfolio of highly recognizable water brands for healthy hydration, including Poland Spring Brand 100% Natural Spring Water, Splash, and Pure Life. The Company also owns and operates ReadyRefresh, customizable water, and beverage delivery service. BlueTriton Brands is based in Stamford, Connecticut.

Sell $4.3B