Nestlé Health Science Acquires Majority Stake in Orgain
February 2, 2022
Nestlé Health Science has agreed to acquire a majority stake in Orgain, the U.S. plant-based nutrition company, from founder Dr. Andrew Abraham and Butterfly Equity; both sellers will retain minority ownership positions. Dr. Andrew Abraham will remain CEO of Orgain and the deal will let Nestlé Health Science expand its portfolio of clean, plant-based nutrition products globally; the transaction is subject to customary regulatory approvals.
- Buyers
- Nestlé Health Science
- Targets
- Orgain
- Sellers
- Dr. Andrew Abraham, Butterfly Equity
- Industry
- Food & Beverage
- Location
- California, United States
- Transaction Type
- Buyout
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