Nestlé to sell vitamins business for $1 billion as it sharpens focus

Nestlé will sell a $1.2 billion business for $1 billion, placing another major asset on the market as the Vevey based food giant narrows its focus under chief executive Philipp Navratil. The Swiss company said on September 2, 2026 that US private equity firm Yellow Wood Partners will acquire its mainstream vitamins and supplements operations.

The deal includes Nature’s Bounty, Osteo Bi-Flex and Puritan’s Pride, alongside Nestlé’s US private label supplements business and its manufacturing and logistics operations. The portfolio has operated largely in the United States, where consumers have increasingly made vitamins and supplements part of their health and wellness routines.

Navratil is reshaping Nestlé around coffee, petcare, food and snacks. The vitamins disposal follows the sale of half of the company’s water business earlier in 2026 and comes as Nestlé also works to offload its ice cream interests. The review of the vitamin brands and water operations began under Navratil’s predecessor, giving the new chief executive a portfolio plan already in motion.

The $1 billion proceeds will go toward reducing Nestlé’s leverage. Speaking in Zurich, Navratil said the divestment “frees up a lot of time” for teams working on priority areas. He also signalled that a stronger balance sheet could give the group room to pursue acquisitions once debt reaches what he called the right range.

The supplements market remains attractive even as Nestlé exits its mainstream segment. The company said it remains well positioned for growth in more premium vitamins and supplements through brands including Solgar and Pure Encapsulations. The wider sector has also drawn major consumer goods groups: Procter & Gamble agreed last month to buy Thorne for $3.8 billion, while Unilever announced the acquisition of multivitamin company Grüns earlier in 2026.