International BusinessNestle to mull acquiring nutri biz of Speciality Foods
FMCG major Nestle today said its board of directors, in a meeting scheduled to be held on December 9, would consider the acquisition of nutrition business of Speciality Foods India.
- Nestle: Pasta time - Kaya to invest Rs 100 cr on expansion - Nestle said to consider options for Cadbury - Nestle India posts robust growth in Jan-Sept - All Perk-ed up - Dabur alleges US firm of infringing on its trademark
A meeting of board of directors will be held on December 9 to consider the proposal of Speciality Foods India for a possible acquisition of its healthcare nutrition business by Nestle," the company said in a filing to Bombay Stock Exchange.
Speciality Foods India, which sells its nutritional and healthcare products under brands such as Resource, Optifast, Spert etc has reported a revenue of Rs 28.8 crore for the fiscal ended March 31, 2009.