Nestle to buy health products maker Atrium for $2.3 billion

Posted: Updated:

GENEVA (AP) - Swiss consumer goods company Nestle says it is buying Atrium Innovations, a privately-held maker of nutritional health products, for $2.3 billion in cash.

Nestle said Tuesday it will buy the company, which is headquartered in Quebec, Canada, from a group of investors led by Permira Funds.

Atrium has about 1,400 workers and its 2017 sales are forecast to reach almost $700 million. Its largest brand is the Garden of Life line of supplements.

Greg Behar, Nestle's chief executive for health science, said Atrium's brands will help supplement Nestle's offerings in the fast-growing market for natural and organic supplements.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 5 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login, create an account or subscribe to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."