A health unit of Nestle has taken part of the business, which it first reportedly backed through an affiliate in 2005.
A Nestlé unit has acquired a reported 18% stake in New Zealand-based kiwi juice maker Vital Foods, previously backed by the Switzerland-based food conglomerate’s corporate venturing company Inventages.
Nestlé Health Science bought a stake in Vital, which the Swiss conglomerate first backed through its corporate venturing affiliate Inventages in 2005. Although Nestle declined to disclose details, news provider Dow Jones said the latest stake was 18%
Nestlé first bought part of the company in 2005, following a $4m investment by…
