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Nestlé India Board approves proposal of Speciality Foods

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Packaged food maker, Nestle India ina recent announcement declared that it will acquire healthcare nutrition business of Speciality Foods limited as a step towards formal entry in the specialised health nutrition space. Following this, the Board of Nestlé India approved the acquisition of the healthcare nutrition business of unlisted Speciality Food India, effective from January 1, 2010.

Commenting on the development, Antonio Helio Waszyk, chairman and managing director, Nestle India said, “We are leaders in nutrition and have been leveraging the Nestlé Group’s R&D capability and expertise in nutrition science and technology to develop superior nutritional products for everyday use. I am pleased with the proposed acquisition. Healthcare Nutrition plays a vital role in satisfying the needs of consumers with special nutritional requirements so they can enjoy a Good Life. This new business will further strengthen our leadership as a Nutrition, Health and Wellness company.”

The product portfolio under the Healthcare Nutrition Business is meant to satisfy the needs of consumers with special nutritional requirements and sold in India under brands like Resource, Optifast and Spert. Resource is specially formulated for the management of malnutrition and other medical conditions associated with increased nutritional needs. It has a range of formulations including, amongst others, Resource Diabetic, a ready to use, fibre rich diet for better nutritional management of diabetics and Resource High Protein that provides easily digestible whey protein. Optifast is a nutrition supplement in overweight condition and Spert is a protein supplement to address the increased protein needs of the family.

— IndiaRetailing Bureau

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