Nestlé to Sell Vitamin Portfolio to Yellow Wood for $1 Billion

Nestlé will sell its mainstream vitamin brands to private equity firm Yellow Wood Partners for $1 billion, it said on Tuesday, as CEO Philipp Navratil tightens the company’s strategic focus.

Navratil, who took the top job at Nestlé exactly a year ago, has reduced Nestlé’s exposure to ice ​cream and ⁠water brands through joint ventures, slimming the Swiss conglomerate’s portfolio in search ⁠of growth, a tactic similar to rival consumer goods firms Unilever and Reckitt.

The sale of Nestlé’s mainstream vitamins, minerals and supplements business includes ​seven brands — Nature’s Bounty, Osteo Bi-Flex, Ester-C, Gard, Nuun, Puritan’s Pride and Sisu — and its US private-label supplements business, Nestlé said in a statement.

Those ​brands generated $1.2 billion in sales in 2025, Nestlé said.

Nestlé ⁠acquired several of those brands — including Nature’s Bounty — in a $5.75 billion deal with ⁠The Bountiful Company in 2021.

“We are focusing our resources where we have the strongest competitive advantage,” ‌Navratil said, adding that the mainstream ​vitamins, minerals and supplements business “requires a different approach under dedicated ownership.”

Other consumer goods firms have made ⁠similar moves into health and wellness, with US-based Procter & Gamble last month agreeing to ‌buy supplements maker Thorne for $3.8 billion.

Nestlé will hold onto ​Solgar, a ‌premium brand it acquired in that transaction.

The Nestlé deal, which is expected to close in ‌the first half of 2027, is Yellow Wood’s ⁠sixth ⁠acquisition from major consumer companies since 2019. Those include the acquisition of lip balm brand ChapStick from Haleon , and Unilever’s non-core beauty and personal care division Elida Beauty.

Yellow Wood Partner Dana Schmaltz said that operating the acquired brands as ​a standalone entity will create leverage for faster growth and enhanced innovation.

By Chandni ⁠Shah and Alexander Marrow; Editors: ‌Shailesh Kuber, Joyjeet Das and David Gaffen

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