Nestlé completes acquisition of Pfizer Nutrition for $11.85bn
date:Dec 04, 2012
, Kenya and five Latin American countries, where it is continuing to evaluate its strategic options.

Pfizer Nutrition, which became part of Pfizer following its acquisition of Wyeth in 2009, sells baby formula and maternal supplements and owns formula brands such as SMA Gold, S-26 Gold and Promil Gold.

It generates 85% of its sales from emerging markets and has revenues of $2.1bn with an annual growth rate of 8%.

Pfizer had put the nutrition business up for sale as part of its strategy to foc
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