Nestlé: buys stake in US baby food allergy startup
(CercleFinance.com) - Nestlé has acquired a minority stake in Before Brands, a US specialist of early childhood allergy prevention, as the Swiss food giant is seeking to improve its offer in healthier eating.
Under the terms of the deal, Nestlé Health Science (NHSc) has also acquired the exclusive licensing rights to Before Brands' products outside the United States, with an option to purchase the firm's remaining shares in the future.
Before Brands invented the SpoonfulOne offering, a line of pediatric nutritional products designed to reduce the risk that babies will develop a food allergy.
Its proprietary blend of whole food proteins and vitamin D designed to help provide immune system support "right from the start."
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Under the terms of the deal, Nestlé Health Science (NHSc) has also acquired the exclusive licensing rights to Before Brands' products outside the United States, with an option to purchase the firm's remaining shares in the future.
Before Brands invented the SpoonfulOne offering, a line of pediatric nutritional products designed to reduce the risk that babies will develop a food allergy.
Its proprietary blend of whole food proteins and vitamin D designed to help provide immune system support "right from the start."
Copyright (c) 2019 CercleFinance.com. All rights reserved.