Novartis looking again for buyers for health food, sports nutrition unit

By Dominique Patton

- Last updated on GMT

Related tags: Sports nutrition, Health food, Nutrition, Novartis

Swiss pharmaceutical group Novartis is once again putting its
health food and sports nutrition products up for sale, according to
a report today in French business magazine Challenges.

The business that makes the Isostar energy drink and Gerble and Cereal health food brands was previously up for sale in 2002, along with other food activities held by Novartis at the time, as part of the group's strategy to focus on pharmaceuticals.

But after divesting the mainstream food and beverage business including the Ovaltine drink to Associated British Foods, the company said it would delay the planned sale of its health food and slimming and sports nutrition businesses due to a lack of attractive offers.

The businesses were then reorganised into a stand-alone unit called 'Nutrition et Sante'.

Credit Agricole Private Equity is currently considering buying the unit which is valued at €250-300 million, according to the article.

A spokesman at Novartis told NutraIngredients.com that the firm would not comment on speculation but added: "I think you have to note that we've been saying for a long time that this is not a core part of our operations."

The company declined to reveal sales figures for the Nutrition et Sante business.

Related news

Show more

Related products

show more

MEDITERRANEAN INGREDIENTS FOR HEALTH AND WELLNESS

MEDITERRANEAN INGREDIENTS FOR HEALTH AND WELLNESS

BIONAP BIOACTIVE NATURAL PRODUCTS | 29-Apr-2022 | Product Catalog

BIONAP is positioned to lead the next generation of natural and organic ingredients with the aim to improve health and quality of life over the world.

Alesco, the Sucrosomial® company

Alesco, the Sucrosomial® company

Alesco S.r.l. | 29-Mar-2022 | Product Brochure

Alesco raw materials and functional ingredients offer unique, scientifically proven characteristics, suited for a wide range of needs in the pharmaceutical,...

A Premium Ingredient for Men's Health

A Premium Ingredient for Men's Health

Chemical Resources (CHERESO) | 21-Mar-2022 | Technical / White Paper

FUROSAP, a natural extract is versatile in men’s health goals. It contains protodioscin (20%), which promotes healthy testosterone levels as well as healthy...

Related suppliers

Follow us

Products

View more

Webinars