Nestlé is selling its mainstream vitamins, supplements, and minerals business to private equity firm Yellow Wood Partners for $1 billion. The transaction marks the latest step in Nestlé's ongoing effort to refine its business portfolio and intensify its focus on its primary product categories.
The divestiture includes brands such as Centrum and Caltrate. Yellow Wood Partners, known for its focus on consumer brands, is acquiring the business from the Swiss food and beverage conglomerate. This deal allows Nestlé to shed a segment that has faced challenges and prioritize growth areas within its broader portfolio.