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Nestle to buy Jenny Craig

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Nestle

Somebody call Webster’s, I think there is a new definition of irony…. a candy maker is purchasing a health food company. That’s right, Nestle, the candy-maker extraordinaire, responsible for such brands as Dreyer’s Ice Cream, KitKat & Stouffer’s, announced that they will be purchasing weight loss company Jenny Craig.

Nestle will be purchasing the company from its current owners ACI Capital and MidOcean Partners for $600 million dollars. The deal, which is set to close by October, makes a little more sense if you know that Nestle also already owns the health brands Power Bar & Lean Cuisine. The don’t limit themselves to food though, they also are partial owners of L’Oreal, Friskies cat food and many others.

Nestle Chairman and Chief Executive Peter Brabeck-Letmathe had this to say about the deal, “With this strategic acquisition, the group takes another important step in its transformation process into a nutrition, health and wellness company.”

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2 Responses to “Nestle to buy Jenny Craig”

  1. Gravatar Chocolate Candy Recipe Says:
    1

    Smartest thing they ever did. Eat our chocolate, get really fat, then join our weight loss program. Ingenious. Circle of life :)

  2. Gravatar Dr. Lois Fleit Says:
    2

    I would like to purchase a case of Alpenliebe Expresso Caramel Chocolate Sugar Free candies. I found them in Italy and enjoyed them enormously.

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