Nestlé S.A. is looking to make small- to mid-sized acquisitions in 2020 after divestments altered the company’s portfolio in 2019, reports Food Business News. In a February 13 earnings call, Nestlé CEO Mark Schneider said that, “I believe that 2020, we’ll see a more balanced view between acquisitions and disposals, but it will continue to be a busy year on portfolio management.”
He added, “I wouldn't want to rule out large deals, but clearly, the sweet spot is small- to mid-sized. Usually, it’s the much larger integration job, which means more financial certainty, and there typically tends to be much less antitrust risk and antitrust leakage because, typically, you’d get by without any antitrust divestitures.” Full Story
Related: Nestlé Supports Recycling Bill in ME; Nestlé Partners with Plant-Based Ingredient Companies.
from Specialty Food News https://ift.tt/3bNz2G8
No comments: