Nestlé S.A., Vevey, Switzerland, says itsNestlé Professional North Americafoodservice business agreed to acquireVitality Foodservice Inc., a leading beverage solutions provider to the North American foodservice industry. The acquisition price was not disclosed.
Officials say the deal -- scheduled for completion in about 30 days -- allows Nestlé Professional to accelerate its leadership in branded hot and cold non-carbonated beverage solutions. The transaction excludes Vitality's European manufacturing and distribution business.
Headquartered in Tampa, Fla., Vitality Foodservice processes and markets a range of beverage products from juices, teas, coffees and smoothies to innovative specialty drinks. The company has about 700 employees in sales, service and dispensing activities.
Says Marc Caira, CEO of Nestlé Professional, “We are very excited to welcome Vitality Foodservice into the Nestlé Professional family. Vitality not only complements our business but strengthens our position in North America and will enable us to accelerate growth in this important out-of-home market. Additionally, Vitality’s product offerings align strongly with Nestlé’s commitment to nutrition, health, and wellness.”
Nestlé Professional North America employs more than 900 employees for the out-of-home market. Its beverages division provides the commercial and institutional restaurant industry with branded hot and cold non-carbonated beverage solutions under brands such as Nescafé, Coffee-mate, Nesquik, Nestea and Nestlé.
Nestle Professional to acquire Vitality Foodservice
November 19, 2009