Nestlé sells $1 billion vitamin brands to Yellow Wood in portfolio shift

Nestlé has agreed to sell its mainstream vitamins, minerals and supplements business to private equity firm Yellow Wood Partners for $1 billion, part of CEO Philipp Navratil’s strategy to streamline the portfolio and sharpen focus on higher-growth pillars like coffee, petcare and foods. The deal covers seven brands including Nature’s Bounty, Osteo Bi-Flex, Ester-C, Gard, Nuun, Puritan’s Pride and Sisu, plus U.S. private-label supplements, and is expected to close in the first half of 2027 after regulatory approvals. The unit generated about $1.2 billion in sales in 2025, and Nestlé will retain Solgar, its premium vitamin brand, as part of the broader VMS portfolio. Navratil says the divestment will allow resources to be redeployed to stronger competitive advantages and potentially accelerate growth in the premium VMS segment, while other deals in the sector show peers pursuing similar moves. The transaction is Yellow Wood’s sixth major acquisition since 2019, reflecting a broader trend of consolidating non-core assets to fund growth and reduce leverage for Nestlé. Nestlé notes that proceeds will be used to strengthen balance sheet and preserve optionality for future strategic opportunities toward its core growth areas.