Nestlé has agreed to sell its mainstream vitamins, minerals and supplements business to private equity firm Yellow Wood Partners for $1 billion, the company announced, marking the latest move in a broader push to streamline its portfolio around its highest-performing categories.
The deal covers seven brands — Nature’s Bounty, Osteo Bi-Flex, Ester-C, Gard, Nuun, Puritan’s Pride and Sisu — along with Nestlé’s U.S. private-label supplements business and associated manufacturing, packaging, warehousing and distribution operations. The transaction still requires regulatory approval and is expected to close in the first half of 2027.
The business being sold generated $1.2 billion in sales in 2025. Nestlé’s vitamin brands are concentrated primarily in the United States, with a smaller footprint in markets including Canada and China.
Part of a wider divestiture push
The sale continues a string of disposals under CEO Philipp Navratil, who has been pursuing an aggressive turnaround strategy focused on Nestlé’s biggest brands and highest-growth categories, such as pet food and coffee. In July, the company sold half of its premium waters business — including brands like S.Pellegrino, Source Perrier and Essentia — to private equity firm Platinum Equity in a $3.4 billion deal that formed a joint venture. Earlier in the year, Nestlé divested Blue Bottle Coffee to Centurium Capital and offloaded the remainder of its ice cream business to Froneri.
Navratil said the mainstream vitamins, minerals and supplements category has “evolved” and that Nestlé’s brands in the space need “a different approach under dedicated ownership.” Nestlé will retain its premium, science-led supplement brands, including Solgar and Pure Encapsulations.
“This is another important step in the strategic transformation of our portfolio,” Navratil said. “We are focusing our resources where we have the strongest competitive advantage.”
A company narrowing its focus
Nestlé reported $111 billion in global revenue for 2025 and has concentrated recent efforts on its strongest brands across coffee, petcare, nutrition, and food and snacks. In the U.S., its largest market, the company’s portfolio spans everything from Toll House chocolate chips and Hot Pockets to Lean Cuisine and Nespresso.
The company’s second-quarter results showed organic sales growth of 3.7% globally, driven by higher pricing and increased volumes. Total sales for the quarter reached $26.8 billion (21.8 billion Swiss francs), modestly ahead of the $26.6 billion (21.6 billion francs) reported in the same period last year. In the Americas region specifically, organic sales grew 2.8%, with reported sales of $11.69 billion (9.54 billion francs).