Nestle on Tuesday agreed to divest Holistic Health platform, its mainstream vitamins, minerals and supplements (VMS) business, to private equity firm Yellow Wood Partners for $1 billion, according to a statement from the two companies.
The deal includes seven brands – Nature’s Bounty, Osteo Bi-Flex, Ester-C, Gard, Nuun, Puritan’s Pride and Sisu – and the U.S. private-label supplements business, the Swiss food giant said in its statement.
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“We are focusing our resources where we have the strongest competitive advantage”, Nestle CEO Philipp Navratil said, adding that “the mainstream VMS business requires a different approach under dedicated ownership”.
The deal, which is expected to close by the first half of 2027, is Yellow Wood’s sixth acquisition from major consumer companies since 2019.
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The Boston-based firm acquired lip balm brand ChapStick from Haleon in 2024, and Unilever’s non-core beauty and personal care division Elida Beauty in 2023.