April 25, 2024
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Nestlé to acquire a majority stake in premium chocolate company in Brazil

Nestlé has announced an agreement with Advent International to acquire a majority stake in Grupo CRM, a premium chocolate player in Brazil. Grupo CRM operates a successful direct-to-consumer model, with more than 1 000 chocolate boutiques under the Kopenhagen and Brasil Cacau brands and a strong, growing online presence. The transaction is expected to close

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Nestlé expands its presence in the premium functional water segment

Nestlé USA, as part of its transformation of its global water business, acquired Essentia Water (“Essentia”), a premium functional water brand headquartered in Bothell, Washington. Essentia pioneered ionized alkaline water more than twenty years ago and is the leading brand in that space in the U.S. Essentia’s 2020 sales were USD 192 million. This transaction is part of Nestlé’s continued

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