Nestlé Health Science to Acquire The Better Health Company

Nestlé Health Science has agreed to acquire The Better Health Company (TBHC), the  parent company of GO Healthy and Egmont, from CDH Investments and TBHC founding  shareholders. 

Under the transaction, Nestlé Health Science will acquire The Better Health Company in its  entirety. This includes the GO Healthy brand, New Zealand’s leading supplement brand;  New Zealand Health Manufacturing, an Auckland-based manufacturing facility for vitamins  minerals and supplements; and the Manuka honey brand Egmont.  

Nestlé Health Science’s Head of Oceania, Asia, Middle East & Africa region Paul Bruhn said that the acquisition is a strategic fit for Nestlé Health Science.  

“GO Healthy and Egmont are trusted brands with a track record of strong growth which  complement our global portfolio of active lifestyle and health & wellness nutrition brands  very well. We also see the opportunity to accelerate growth in the region through the  manufacturing facility in Auckland which will enable us to bring new products to local  markets faster.” 

Nestlé New Zealand CEO Jennifer Chappell said that the acquisition would strengthen  Nestlé Health Science’s existing health and nutrition portfolio in New Zealand. 

“This will strengthen our presence not just in New Zealand, but more broadly across the  region, with the GO Healthy brand which is already present in Australia, China, Singapore,  South Korea and Vietnam, and the globally-known Egmont brand. This range of strong  brands will take us well beyond our traditional food and beverage business and solidify our  position in nutrition, health and wellness, while underscoring our commitment to New  Zealand.”  

The move builds on Nestlé Health Science’s existing credentials, including a growing  presence in New Zealand in vitamins, minerals and supplements category with the Solgar brand, which is available through select pharmacies, health food stores and online  channels. Other Nestlé Health Science brands in New Zealand include Optifast, SustagenAlfamino and Vital Proteins.  

The Better Health Company’s vitamins, minerals and health supplements factory in  Auckland will allow Nestlé Health Science to share and leverage innovation and product  development, allowing for new products to be made with regional considerations in mind.  

Financial details are not being disclosed. 

The transaction is expected to close in the fourth quarter of 2022. Closing is subject to  regulatory approval.