Nestle to buy health products maker Atrium for $2.3 billion
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Swiss consumer goods company Nestle says it is buying Atrium Innovations, a privately-held maker of nutritional health products, for $2.3 billion in cash.
Nestle said Tuesday it will buy the company, which is headquartered in Quebec, Canada, from a group of investors led by Permira Funds.
Atrium has about 1,400 workers and its 2017 sales are forecast to reach almost $700 million. Its largest brand is the Garden of Life line of supplements.
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Greg Behar, Nestle's chief executive for health science, said Atrium's brands will help supplement Nestle's offerings in the fast-growing market for natural and organic supplements.