Nestlé sells infant formula in the United States
Irish pharmaceutical company Perrigo has acquired the trademark rights to Good Start infant formula and a factory in Wisconsin.
Nestlé will still be able to honor existing contracts.
Photo: ZVG Nestlé
Irish pharmaceutical company Perrigo buys the rights to Nestlé’s Good Start baby food brand in the United States and Canada from the Nestlé food company. He also took over management of the Nestle Gateway baby food factory in Eau Claire, Wisconsin, Perego announced Tuesday night.
According to the statement, Perrigo is investing a total of $170 million in expanding infant formula production in the United States. This figure also includes an investment of $60 million to expand the plant’s production capacity. This would increase the annual production capacity from 29 million pounds today to about 36 million pounds. Additionally, Perrigo invests approximately $20 million annually in infant formula facilities in Vermont and Ohio.
During the current year, there was a temporary shortage of baby food in the United States, as the United States government had to purchase infant formula powder from abroad. The situation has encouraged Perrigo to help avoid renewed shortages, the company has now written. Meanwhile, Nestlé will be able to fulfill existing contracts, with Perrigo supplying the products.
AWP
Found an error?Report now.
stock alert
From ABB to Züblin – You will receive an email as soon as a new article appears about the company of your choice.
To use this service, you must log in or register.
“Tv expert. Hardcore creator. Extreme music fan. Lifelong twitter geek. Certified travel enthusiast. Baconaholic. Pop culture nerd. Reader. Freelance student.”
More Stories
USA: It is clear that the economy is losing momentum at the beginning of the year
Chocolate storm in Türkiye – the Swiss are confused
Big Topics at New UBS's First General Meeting – News