Swiss food giant Nestle will sell its mainstream vitamins, minerals and supplements business to US private equity firm Yellow Wood Partners for $1 billion (£740 million).
Nestle said the transaction would allow it to focus resources on areas where it has the "strongest competitive advantage".
CEO Philipp Navratil in the statement called it "another important step in the strategic transformation of our portfolio".
The sale covers Nestle's consumer-focused vitamins, minerals and supplements activities, including seven brands: Nature’s Bounty, Osteo Bi-Flex, Ester-C, Gard, Nuun, Puritan’s Pride and Sisu.
The sale also covers the company’s US private-label supplements business and related manufacturing, packaging, warehousing and distribution operations.
The group said it remained well positioned in the premium segment of the category, but the mainstream business "requires a different approach under dedicated ownership".
Subject to regulatory approval, the sale is expected to be completed by the first half of 2027, the statement said.
In 2025, the supplements business generated sales of $1.2 billion.
It operates mainly in the United States, with a presence in other countries including Canada and China.
