Nestle Nutrition does not rule out acquisitions
Nestle Nutrition, the international food group that is present in Poland, does not rule out acquisitions, Portalspozywczy.pl reported.
The Polish-language portal cited Tomasz Retmaniak, Nestle Nutrition Country Business Manager for Poland & Baltic Countries. Acquisitions are part of the development strategy of Nestle worldwide and the group is closely following acquisition opportunities, but they must have business justification, Retmaniak said.
In the case of Nestle Nutrition in Poland, so far there are not too many companies that could be of interest, especially because the group focuses on baby food in the age group 0-3 years, Retmaniak noted. According to Retmaniak, in Poland there are two players that have local production, naming Nestle and Danone ’s Nutricia. In this case acquisitions are rather impossible, and there are no many other firms that would fit Nestle’s portfolio, he added. Should there be other new opportunities, the group will definitely consider them thoroughly, Retmaniak told the portal.
Nestle Nutrition is constantly developing its Gerber factory in Rzeszow, Poland, since its acquisition in 2007, the article also reported, quoting the executive.
Over the past 20 years, Nestle invested in Poland PLN 2.2bn (USD 562.9m), according to the company website; Nestle in Poland has 5042 employees.
Portalspozywczy.pl, Company website