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1089 days ago • Posted by William Ramstein

Nestle set to acquire vitamins maker The Bountiful Company for $5.75B

The deal is set to finalize in H2. Nestle is paying 3X the value of Bountiful's sales for the brands, and a multiple of 16.8 times of their earnings before interest before tax, depreciation and amortisation (EBITDA). The acquired brands had sales of $1.87 billion in the year to March 2021, with an EBITDA margin of 18.3%. The margin is expected to increase above the Nestle Group average once synergies are fully implemented by 2024, the Swiss company said.

Source: Yahoo

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