date:Dec 04, 2012
Swiss food company Nestl has completed the acquisition of Pfizer Nutrition, the nutrition business of Pfizer, for $11.85bn, following the completion of the regulatory approval process in several markets.
The integration process of Pfizer Nutrition into Nestl Nutrition, which will result in 4,500 employees of Pfizer Nutrition joining Nestl, is currently ongoing.
Nestl noted that Pfizer Nutrition's leading brands, product portfolio and its wide geographic presence will complement its infant nutr