Nestlé Enters Weight Management Market with Jenny Craig Acquisition
Nestlé S.A., Vevey, Switzerland, has reached an agreement with a private equity group
consisting of ACI Capital and MidOcean Partners for the acquisition of Jenny Craig, a weight management company offering consumers a range of branded nutritional products and services in the U.S., Canada, Australia and New Zealand. The company achieved sales in excess of $400 million during the last 12 months, with double-digit organic growth. Nestlé will pay approximately $600 million for the company. The Jenny Craig acquisition follows the recent acquisition of the Uncle Toby’s cereals and nutritional snacks business in Australia, and demonstrates Nestlé’s continuing commitment to nutrition, health and wellness.