Nestle SAexpands again in the health and wellness space with an agreement to pay $2.3bn cash for Canadian firm Atrium Innovations Inc., owner of a leading US plant-based nutritional supplement marketer, Garden of Life LLC, and other brands with nearly $700m forecast in total sales in 2017. Upon closing expected in the 2018 first quarter, Quebec City-based Atrium will become part of Nestle Health Science SA with its existing management team, led by President and CEO Peter Luther, continuing at the helm, Nestle said Dec. 5.
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