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Nestle Divests Yinlu Business in China

11/27/2020

Food Wise Company has acquired the Yinlu business of Nestle in China in a transaction valued at $390 million.  Nestle will continue to market coffee, but products will be manufactured by the five Yinlu production facilities in China and this Company will remain a licensee of Nestle.  Yinlu processes and distributes peanut milk and rice porridge, both popular items in China. 

 

Currently Nestle posts revenue of $8 billion annually in China and will retain a commitment to the Nation. The divestment of Yinlu will allow Nestle to concentrate on the Nescafe brand, infant nutrition, dairy products and pet care.