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Nestle acquires Britain's Vitaflo
"This strategic transaction allows Nestle to enter the fast-growing global market for clinical nutrition products tailor-made for people with inherited metabolic disorders," said the Swiss-based group.
Vitaflo posted double-digit growth of about 30% in the last three years, and generates annual sales of about 40 million francs (€29 million, US$38 million), said Nestle.
The specialised food maker's clients are those with genetic disorders which affect how food is processed by the body.
An estimated one in 2,500 to 50,000 babies are born with such problems, which persist up to adulthood, Nestle said.
Source: AFP
Source: I-Net Bridge
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