Nestlé SA

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Nestle-2015.svg
   Score: 2/20 [1]
Top 10 Plastic Polluter:[2]

Nestlé is a Swiss multinational food processing group, headquartered in Vaud, Switzerland. It is the world's largest food company, with product sales as follows:[3]:86

  • 31%: Beverages: Nescafé instant coffee, Nespresso coffee capsules, chocolate drinks (Nesquik, Milo), Nestea tea drinks, etc;
  • 17%: Pharmaceutical, Nutritional and Wellbeing products: dermatological products, acne, athlete's foot, dandruff (Galderma) medications, Laboratoires Innéov beauty nutritional supplements, energetic products (PowerBar, Resource, Boost, Nutren and Peptamen brands), Jenny Craig dietary products, infant nutrition products (Nidal, Ptit and Naturnes) and cereals (Fitness, Chocapic, Cookie Crisp, Cini Minis, Nesquik and Estrelitas);
  • 15%: Dairy products and Ice cream: milk powder (Nido, Ninho and Guigoz brands), Nestlé sweetened condensed milk, yogurts and puddings (Sveltesse), ice-cream (Haagen Dazs, Dreyer's, Extrême, Nestlé Ice Cream and Mövenpick);
  • 13.9%: Pet Food: Purina, Friskies, Felix, etc;
  • 13.3%: Prepared foods & Seasoning products: frozen and refrigerated meals (Lean Cuisine, Hot Pockets and Stouffer's brands), Maggi soups, Buitoni sauces, etc;
  • 9.8%: Confectionery & Biscuits: Kit Kat, Smarties, Crunch, etc.

Climate Policy Rating:[4] InfluenceMap  B+
CEO Paul Polman has driven strong policy engagement as a strategic priority for many years. Report page

Corporate Political Engagement Rating:[5] Transparency International    B  

Company

Shareholders

Total float: 96.7%
Source: MarketScreener.svg, Mar.2020

Associated Groups

Brands

Nestlé has 2,000+ brands, with a wide range of products across a number of markets.

† Also available as FoodService products.
Sources: link, link, link, [AR-2018]

Brands A-Z Nestle Waters

Timelines

  • China bottled water business was sold to Tsingtao Brewery Company Ltd, a Chinese beer producer and distributor. The deal comprised local brand "Dashan Yunnan Shan Quan", and 3 factories located in Kunming, Shanghai and Tianjin. Additionally, Tsingtao Brewery will produce and market the Nestle "Pure Life" brand in China as part of a licensing agreement between the companies.[6]
  • early.2019: Nestle put its Herta cold cuts and meat-based products business up for sale.
  • early.2019: Nestle sold its skin health business to a consortium led by EQT Partners.
  • Jan.2018:

  • Jun.2020:
    Rainforest-Alliance-mark-2020.svg
    KitKat severed its ties with Fairtrade, with Nestlé saying it would source its cocoa for KitKat bars from Rainforest Alliance certified farms instead of those with Fairtrade accreditation. Nestle, which already uses Rainforest Alliance-certified farmers on other bars such as Aero and Yorkie, said the new partnership would start in Oct.2020.[7]
  • Sept.2018: Gerber Life Insurance Company: Nestlé agreed to sell Gerber Life Insurance Company to Western & Southern Financial Group. Gerber Life is a market leader in the juvenile and family life insurance market. The deal allows Western & Southern Financial Group to market insurance products under the Gerber Life brand. The transaction does not include Nestlé’s Gerber Products business.ref
  • Aug.2018: Starbucks Corporation and Nestle closed a deal granting Nestlé the perpetual rights to market Starbucks Consumer Packaged Goods and Foodservice products globally.ref
  • Apr.2018: Ferrero SpA bought Nestle's USA confectionary business.ref Brands sold: 100 Grand, Butterfinger, BabyRuth, Laffy Taffy, Nerds, Nestle Crunch, Nips, Raisinets, Skinny Cow, SweeTarts, Wonka, ... ref The deal is Ferrero's 3rd acquisition of a US-based candy company in the last year.ref,ref
  • Dec.2017: Atrium Innovations: Nestle announced the purchase of the privately-held nutritional health products maker, based in Quebec.
  • Sept.2017: Sweet Earth: Nestlé USA announced it had agreed to acquire the plant-based foods manufacturer based in California.ref
  • Sept.2017: Blue Bottle Coffee: Nestle acquired a majority stake in the gourmet coffee companyref Chameleon Coffee, a premium coffee brand, was also acquired. Nestle already owned coffee brands Nescafe and Nespresso.
  • Oct.2016:
    Froneri.png
    Froneri Ltd: French private equity firm PAI Partners SAS and Nestlé SA entered into a 50%/50% ice cream and frozen food joint venture. Froneri combined Nestlé`s and R&R Ice Cream plc’s ice cream activities in certain countries, and included Nestlé’s European frozen food business (excluding pizza and retail frozen food in Italy), as well as its chilled dairy business in the Philippines.[8]
  • 2015: Davigel SAS, the French frozen foods business, acquired in Mar.1988 as part of the Buitoni-Perugina acquisition, was sold to private equity firm Bain Capital.
  • Feb.2014: Powerbar and Musashi were sold to US firm Post Holdings Inc, the 3rd largest producer of ready-to-eat cereals in the USA.ref,ref
  • 2014: Innéov: Nestlé and L’Oréal ended their joint venture.
  • 2014: Galderma: with the creation of Nestlé Skin Health, Nestlé took full control of the dermatology joint venture established with L’Oréal in 1981. Galderma subsequently acquired some of the venture's assets.
  • 2013: Jenny Craig, the weight management business, was sold in America and Oceania.ref
  • 2013: Pamlab, a US-based medical foods company, was acquired by Nestlé Health Science. Pamlab specialised in medical nutrition for patients with conditions including mild cognitive impairment and depression.
  • 2012: Wyeth Nutrition, formerly Pfizer Nutrition, was acquired to strengthen its position in infant nutrition.
  • 2010: Kraft Foods frozen pizza business was acquired.
  • 2010: Waggin'Train, Malher, Technocom and Vitaflo; creation of Nestlé Health Science and Nestlé Institute of Health Sciences
  • 2009: Nestlé Professional, a foodservice business division, was created.
  • 2009: Vitality Beverage business.
  • Apr.2008:
    Alcon-Laboratories.svgDeals-Arrow-Right.svg
    Alcon Laboratories Inc: Novartis announced an agreement to purchase Nestle's 77% stake in Alcon. A first 24.8% stake was bought in Jul.2008, with the remaining 52% bought in Aug.2010.ref,ref,ref
  • 2008: Ruzanna
  • Apr.2007:
    Gerber-Products-Company.svgDeals-Arrow-Left.svg
    Gerber Products Company, a US baby food firm, was acquired from Novartis International AG.ref,ref
  • 2007: Sources Minérales Henniez, a Swiss mineral waters concern, was acquired.
  • 2007: Novartis Medical Nutrition was acquired.
  • 2006: creation of FoodServices Strategic Business Division (2009: Nestlé Professional); Lactalis Nestlé Produits Frais (associate); and Delta Ice Cream
  • 2006: Uncle Toby's, an Australian breakfast cereals company, was acquired.
  • 2006: Jenny Craig, a weight management business, was acquired.
  • 2005: Wagner, Protéika and Musashi
  • 2003: The Ortega brand of Mexican chiles and sauces was sold to B&G Foods Inc.
  • 2003: Mövenpick and Dreyer’s Grand Ice Cream were acuired.
  • Mar.2002:
    Alcon-Laboratories.svgMarketScreener-sm.svg
    Alcon Laboratories Inc: Nestlé SA conducted an initial public offering of 23.25% of its stake in Alcon.ref
  • 2002: Schöller
  • 2002: Dairy Partners Americas: a joint venture was entered into with New Zealand's Fonterra Co-operative Group Ltd to create a number of joint ventures in the dairy business.ref
  • ?date?: Laboratoires innéov: joint venture with L'Oréal
  • 2002: Chef America, a USA frozen foods business, was acquired.
  • 2002: Innéov: Nestlé and L’Oréal established a joint venture, a cosmetic nutritional supplements business.
  • 2001: UK Ice Cream: Nestle sold the business to Yorkshire-based Richmond Foods.ref
  • Dec.2001:
    Haagen-Dazs.svg
    Ice Cream Partners USA: Nestlé purchased General Mills’ 50% stake in the joint venture. Nestlé acquired a 99-year license for use of the Häagen-Dazs brand in the USA for frozen dessert products; and also bought out the existing licensing arrangement with Pillsbury under which Nestlé manufactures and distributes Häagen-Dazs products in Canada.ref General Mills continued to own and operate the Häagen-Dazs business outside of the USA and Canada.
  • Dec.2001: Ralston Purina, a US pet food business, was acquired and merged with Nestlé Friskies Petcare to establish Nestlé Purina Petcare.ref Purina Dog Chow, the first pet food made in distinct kibble shapes, was launched in 1957.
  • Feb.2000: PowerBar Inc was bought from its founders, Brian and Jennifer Maxwell.ref,ref PowerBarWikipedia-W.svg
  • 1999: GMOs: Nestlé withdrew its Butterfinger Bar, which contained genetically manipulated corn, from the German market.ref
  • 1998: Spillers Petfoods was acquired from Dalgety plc, including the Winalot and Felix brands.ref
  • 1998: Nestlé Pure Life was launched in developing countries, to guarantee clean and healthy drinking water. Aquarel was launched in Europe two years later in 2000.
  • 1998: Sanpellegrino Group, an Italian mineral waters business, was acquired.
  • 1997: creation of Nutrition Strategic Business Division (2006: Nestlé Nutrition)
  • 1996:
    Osem-Investments.svgDeals-Arrow-Left.svg
    Osem Investments Ltd, one of the largest food manufacturers and distributors in Israel, was acquired. Initially, Nestlé acquired a 10% holding in Osem; increased to 47% in 1998; increased to 50.1% in 2000; increased to 58.8% in 2012; increased to 63.7% in 2013; with the last tranch of 36.3% purchased in Feb.2016.[9] todo, todo, todo, todo, Website InvestorsArchive-org-sm.svg, HistoryArchive-org-sm.svg
  • 1993: Nestlé Sources Internationales was created as a separate waters business; it was renamed as Nestlé Waters in 2002.
  • 1992: Purina launched Veterinary Diets OM Overweight Management, the first weight loss diet for dogs using high protein levels to help maintain lean body mass. In the decades to follow, Purina shifts from general to specialised and personalised diets for pets.
  • Mar.1992: Perrier-Vittel SA, the French bottled mineral water company, was acquired.ref Brands included Perrier, Vittel, Valvert, Contrex, as well as Poland Spring, acquired by the Perrier Water Company in 1980.ref
  • ?date?: Nestlé Aquarel
  • 1991: Coca-Cola and Nestlé Refreshments, a joint venture with the Coca-Cola Company, was formed to manufacture and market brands including Nestea. Renamed as Beverage Partners Worldwide in Jan.2001,ref the JV was terminated in 2018.
  • 1991: Cereal Partners Worldwide: a joint venture was established with General Mills to produce and market breakfast cereals globally.
  • 1990: The Curtiss Candy Company (Butterfinger Bar, Baby Ruth) was acquired from Nabisco.ref
  • Mar.1988: Buitoni-Perugina, an Italian pasta, sauce and confectionery company founded in 1827, was bought from the CIR Group, controlled by Italian industrialist Carlo De BenedettiWikipedia-W.svg. Subsidiaries included in the deal were Davigel SAS, a French provider of frozen and chilled food products. Davigel supplied frozen and chilled meals to restaurants, hospitals and healthcare institutions across France.
  • 1988: Rowntree Mackintosh, a UK confectionery company, was acquired, adding brands including Kit Kat, After Eight and Smarties to its portfolio.
  • 1986: Nestlé Nespresso was launched.ref Website
  • 1985: Friskies: Netle entered the pet food business.
  • 1985: Carnation Company was acquired, adding brands such as Carnation and Coffee-Mate to its portfolio.
  • 1981: Galderma, a joint dermatology venture with L'Oréal, was established.
  • 1977:
    Alcon-Laboratories.svgDeals-Arrow-Left.svg
    Alcon Laboratories Inc was wholly acquired.ref Nestle expanded Alcon's manufacturing capability with new plants in South America and Europe, and drastically increased its investment in research.
  • 1977: Nestlé SA: new company name.
  • 1976: Libby, McNeill & Libby, a USA canned foods producer, was acquired.
  • 1974 L’Oréal: Nestlé diversified beyond food and drink, becoming a minority shareholder in the global cosmetics company. Nestle bought into the company at the request of Liliane BettencourtWikipedia-W.svg, daughter of L'Oreal's founder and the world's richest woman, who was trying to prevent the French state's intervention in the company.
  • 1973: Stouffer Corporation, a US frozen foods company, was acquired for its canned and frozen foods portfolio in Anglo-Saxon markets. In 1981, "Stouffer’s Lean Cuisine" frozen meals were launched as a low-fat, low-calorie brand.
  • 1971: Ursina-Franck: merger
  • 1970s: the company diversified into pharmaceuticals and cosmetics. It started to attract criticism from activist groups that allege its marketing of infant food is unethical.
  • 1969: Vittel: Nestlé entered the mineral waters market by buying a stake in the French waters brand.
  • 1968: Chambourcy, a French yogurt producer, was acquired. Nestlé abandoned the "Chambourcy" trademark in 1996, then relaunched it in 1998. (? 1968 or 1978 ?)
  • 1962: Findus, a frozen food brand, was bought from Swedish manufacturer Marabou.
  • 1962: Frisco, a Swiss ice-cream brand, was acquired.
  • 1960: Crosse & Blackwell, a UK canned foods company, was acquired.
  • 1960: Heudebert-Gervais, a French manufacturer of ice-cream, was acquired.
  • 1960: Jopa, a German producer of ice-cream, was acquired.
  • 1957: Maggi Canned Ravioli was launched. Its huge success prompted Nestlé to launch more canned, prepared foods, which became a new growth segment.
  • 1954: Fondor: originally sold as a bouillon cube, Maggi seasoning brand Fondor was launched as a powder, packaged in a convenient shaker.
  • 1954: Cerelac, an infant cereal, was rebranded and relaunched.
  • 1948: Nesquik was launched in the USA. The powder product dissolves easily in cold milk.
  • 1947: Nestlé Alimentana SA: Nestlé & Anglo Swiss merged with Swiss company Alimentana, producer of Maggi soups, bouillons and seasonings. Alimentana was founded in 1884, when Julius Maggi developed a protein-rich dried soup to tackle malnutrition. His famous stock cubes came later, in 1908.
  • 1944: Nestea, a soluble tea, was launched. The product was manufactured using the same method as Nescafé, and can be served both hot or cold.
  • 1938: Nescafé was launched as a ‘powdered extract of pure coffee’ that retains coffee’s natural flavour, but can be prepared by simply adding hot water. The product was invented by Max Morgenthaler, who began work on it in 1929, when the Brazilian govt asked Nestlé & Anglo-Swiss to find an outlet for its huge coffee surplus.
  • 1934: Pelargon, a full-milk powder for babies enriched with lactic acid bacteria to improve its digestibility, was launched.
  • 1934: Milo, a malted chocolate drink, was launched in Australia, and later exported for sale in other markets.
  • 1929: Peter, Cailler, Kohler Chocolats Suisses SA, Switzerland’s largest chocolate company, was acquired.
  • 1916: Egron, a Norwegian dairy company, was acquired. Egron had patented a spray-drying process for producing milk powder.
  • 1905: “Nestlé & Anglo-Swiss Condensed Milk Company: Nestlé and the Anglo Swiss Condensed Milk Company merged, after George Page, who had opposed the deal, died.
  • 1904: Nestlé began selling chocolate for the first time, after taking over export sales for Peter & Kohler.
  • 1875: The Nestlé company played a role in the development of milk chocolate, when it supplied its Vevey neighbour Daniel Peter with condensed milk, which Peter used to develop the first commercial chocoate product in the 1880s.
  • 1875: Henri Nestlé sold his company and factory in Vevey to three local businessmen.
  • 1867: Lactous Farina Nestlé: Henri Nestlé, a German pharmacist, developed a milk-based baby food. ‘Farine Lactée’ means ‘flour with milk’.
  • 1866: Anglo-Swiss Condensed Milk Company was founded by brothers Charles and George Page in Cham, Switzerland, supplying Europe’s industrial towns with the "Milkmaid" brand of condensed milk, marketing it as a safe, long-life alternative to fresh milk.
Additional Sources: Key Dates, The Nestlé company history, Celebrating 150 Years, Brands Management Report 2000
ToDo: Supplier Code, Timeline, link, link, link, link, link, link, link, link

Ralston Purina Company

ToDo: link, link, link, link

Perrier Vittel Group SA

ToDo: link, link, link

Froneri Ice Cream

Website.uk, Website.com

ToDo: Our History

Gerber Products Company

Gerber-Products-Company.svg
  • Apr.2007: Nestlé bought Gerber's from Novartis International AG.ref,ref,ref
  • Dec.1996: Novartis International AG: Sandoz AG and Ciba-Geigy merged, with their pharmaceutical and agrochemical divisions forming Novartis.
  • Aug.1994: Sandoz AG acquired the Fremont Canning Company from its founders.ref, Pics, GMOs
  • 1941: Gerber Products Company: baby foods exceeded adult foods in their production lines; the company then focused solely on baby foods, and changed its name.
  • ~1927: Due to the ill-health of their baby daughter, Daniel's wife Dorothy was preparing her food at home. She suggested to her husband that they make baby food at the canning company, which was already producing similar foods for adults.
  • 1920s: Daniel Gerber, Frank Gerber’s son, joined the company.
  • 1901: Fremont Canning Company was founded by Frank Daniel Gerber and his father in Fremont, Michigan, to market canned peas, beans, fruits and other produce for local farmers.

Spillers Ltd

FixMe: Spillers needs its own page.

  • May.1965: Robert Wilson, an old Glasgow family business and a big competitior in the dog and cat food market, was acquired.[1]
ToDo †WP:Spillers; GG:Spillers

Rowntree plc

  • 1988: Nestlé SA acquired Rowntree plc.[2][3] By this time, Rowntree's had become the world's 4th-largest confectionery manufacturer.
  • 1987: Rowntree plc: ... OpenCorporates-sm.svg
  • 1969: Rowntree Mackintosh Ltd: Rowntree & Co Ltd merged with John Mackintosh & Sons Ltd.
  • ToDo: ... ...
  • 1869: HI Rowntree & Company: Rowntree was in financial difficulties. His brother, Joseph Rowntree, joined him in full partnership, which was formally established.
  • 1862: Henry Isaac Rowntree, another Quaker, acquired the cocoa side of business. // as the company manager bought out the Tuke family.[4][5]
  • 1785: The Tukes started selling cocoa.
  • 1775: Wm. Tuke & Sons took over the shop.
  • 1725: A Quaker, Mary Tuke, a Quaker, opened a shop in Walmgate.
Additional Sources: Nestle: Our History.

Articles

  • Aug.20.2020: Nestle Adds Plant-based Tuna Alternative. Nestle SA is adding faux tuna to its growing plant-protein portfolio as the world’s largest food company expands beyond vegan burgers. The tuna alternative, based on pea protein and wheat gluten, will first be sold in Nestle’s home market of Switzerland, under its Garden Gourmet brand, at the end of Aug.2020. Corinne Gretler, Bloomberg Business.
  • Oct.04.2018: While Nestlé extracts millions of litres from their land, residents have no drinking water. Just 90 minutes from Toronto, residents of a First Nations community try to improve the water situation as Nestlé extracts up to 3.6m litres of water daily from nearby Six Nations treaty land. The question of who owns the water is murky; the legal ambiguity has allowed Nestlé to move in and extract precious water on expired permits for next to nothing. The Six Nations are suing the province. Nestlé bottles its brands – including Arrowhead, Poland Spring, Deer Park, Ozarka, Zephyrhills, Acqua Panna, San Pellegrino, Perrier, Vittel and Buxton – from deep aquifers and natural springs, which can take decades or longer to replenish. Anticipating shortages, companies like Nestlé are trying to lock in as much of the world’s water as possible. The higher temperatures predicted with climate change will lead to less water and more thirst. Aexandra Shimo, The Guardian.
  • Sept.02.2015: Child labour on Nestlé farms: chocolate giant's problems continue. Auditors continue to find evidence of child labour on Ivory Coast farms supplying Nestlé. Children continue to work at cocoa farms connected to Nestlé, more than 10 yrs after it promised to end the use of child labour in its supply chain. A report by the Fair Labor Association, commissioned by Nestlé, saw researchers visit 260 farms used by the company in Ivory Coast from Sept-Dec.2014. The researchers found 56 workers under the age of 18, of which 27 were under 15. Ivory Coast is the world’s largest producer of cocoa. The industry is estimated to be worth close to £60bn a year. Nestlé’s code of conduct prohibits the use of child labour in its supply chain. Allegations of child labour and workers rights abuses have dogged Nestlé for years. In 2001 Nestlé signed the Harkin-Engel protocol. But 4 years later, in 2005, human rights lawyer Terry Collingsworth filed a lawsuit against Nestlé, Cargill and Archer-Daniels-Midland Company, alleging that the companies gave substantial assistance to plantation owners who used forced child labour. The International Labour Organisation estimates there are as many as 59m African children aged 5-17 involved in hazardous work today. Human rights organisations like Human Rights Watch have written that Ivory Coast is yet to come to terms with its history of civil conflict. Collingsworth said "allowing the companies to act ‘voluntarily’ to clean up their problem has not, and will not, work." Joe Sandler Clarke, The Guardian.
  • Sept.19.2014: The Privatisation of Water: Nestle Denies That Water Is A Fundamental Human Right. Chairman and former CEO of Nestlé, believes the answer to global water issues is privatisation. This statement is on record from the company that has peddled junk food in the Amazon, invested money to thwart the labeling of GMO-filled products, has a disturbing health and ethics record for its infant formula, and has deployed a cyber army to monitor Internet criticism and shape discussions in social media. We should trust Nestle to manage our water, despite the record of large bottling companies like Nestlé having a track record of creating shortages? Eat Tomorrow.

References

  1. ^ Five unethical companies. All these companies score poorly across our rating system for failing to address issues including human rights, animal rights and environmental concerns. Amazon, ASDA WalMart, Nestle, Tesco, Coca Cola. The top ten least ethical companies as voted for by Ethical Consumer readers were: Nestlé, Monsanto, Amazon, Shell, Tesco, Barclays, Exxon, Wal Mart, Coca Cola, Primark. Tim Hunt, Ethical Consumer, May.18.2018.
  2. ^ The Brand Audit Report, Vol.1 Over the next 10 years, plastic production is slated to increase by 40%. Traditionally made from oil byproducts, but now increasingly made using fracked gas. Recycling is not a feasible solution to the plastic pollution crisis. Many plastics are very difficult, or impossible, to recycle. Megacorps make billion$ of profits from the plastic-wrapped products - but leave communities to pay for and manage the negative impacts. As the food and products contained in plastic are consumed, people are accumulating phthalates and endocrine-disrupting chemicals in their bloodstreams. Break Free From Plastic, Oct.2018.
  3. ^ Financial Statements 2020. Nestle SA, Mar.2020. Original archived on Apr.08.2020.
  4. ^ The A-List of Climate Policy Engagement. Which global companies lead in strategic lobbying for the ambitions of Paris? Rankings measure how a corporation or trade association behaves towards 2°C aligned climate and energy policy. Influence Map, Apr.2018.
  5. ^ Corporate Political Engagement Index 2018. The new index of 104 multi-national companies, many of whom regularly meet with govt, has found nearly 75% are failing to adequately disclose how they engage with politicians. Only one company received the highest grade, with the average grade being "E" – representing poor standards in transparency. Transparency International UK, Nov.2018.
  6. ^ Nestle says will sell China water business to Tsingtao Brewery Group. Sophie Yu, Brenda Goh, Reuters, Aug.28.2020.
  7. ^ 'Profoundly disappointing': KitKat cuts ties with Fairtrade. 'via PA Wire', The Guardian, Jun.23.2020.
  8. ^ Nestlé and R&R to create Froneri, an ice cream and frozen food joint venture. Press Release, R&R Ice Cream plc, Apr.29.2016. Original archived
  9. ^ Nestle to Buy Out Food Maker Osem for About $840 Million. Sharon Wrobel, Corinne Gretler, , Feb.04.2016. Original archived on Mar.12.2106.