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Nestle Sells Final Stake in Herta Foods
23 Dec
Summary
- Nestle has completed the sale of its remaining 40% stake in Herta Foods.
- Spanish company Casa Tarradellas has acquired Nestle's final stake.
- The divestment aligns with Nestle's focus on nutrition and plant-based products.
Nestle announced on Tuesday the completion of its sale of the remaining 40% stake in Herta Foods to Spanish company Casa Tarradellas. This marks the end of the joint venture that was formed in 2019 when Nestle first divested an initial share of the packaged meat business.
The decision to sell Herta, which specializes in charcuterie, cold cuts, and meat-based products, stems from its strategic misalignment with Nestle's core focus on healthy nutrition and plant-based alternatives. This divestment is part of a broader portfolio review.
Under its new CEO, Nestle is actively evaluating its business units, including its water and vitamin segments. This strategic review aims to reshape the company's offerings, potentially leading to further brand sales or partnerships to concentrate on high-growth market areas.
