Top 100 Food and Beverage Company Highlights: #2 Nestlé
Following closely behind PepsiCo, Nestlé reported organic sales growth of 8.1% for its first half, after its results were boosted by strong demand for its coffee products. Following a strong performance in the first six months of the year, the Swiss food giant raised its full-year organic sales growth guidance to 5-6%.
Nestlé acquired various vitamin and supplement brands of The Bountiful Company from investment firm KKR for $5.75 billion, as it looked to expand its health and nutrition portfolio. Nestlé USA bought Essentia Water, a functional water brand that uses a proprietary process to ionize water, delivering a pH of 9.5 or higher. Meanwhile, Nestlé Waters North America began operating under the name BlueTriton Brands, following the completion of its acquisition by One Rock Capital Partners for $4.3 billion.