Announced
Financials
Sources
Tags
Majority
Specialty Retailers
preservatives
artificial sweeteners
protein powders
nutritional supplements
United States
Private
Cross Border
Acquisition
Friendly
Private Equity
Pending
Single Bidder
Synopsis
Nestlé Health Science, a nutritional science company, agreed to acquire a majority stake in Orgain, a plant-based functional nutrition platform, from Butterfly, a Los Angeles-based private equity firm. Financial terms were not disclosed. "Orgain was a mission before it became a company. Today, in partnering with Nestlé Health Science, we take a giant leap forward in pursuing that mission of providing accessible, healthy nutrition for all. Nestlé Health Science shares that mission and will help us to get better, cleaner nutrition products into the hands of more consumers than I ever imagined possible when I founded this company twelve years ago," Andrew Abraham, Orgain Founder and CEO.
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