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Nestle Acquires Powerbar

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ZÜRICH, Switzerland (2 March 2000)–Swiss food giant Nestle has taken over American energy food supplier Powerbar. Last year Powerbar posted sales of approximately US$55 million. While for Nestle the acquisition is just further step into the energy food segment, for Powerbar it is a huge boost in its global distribution network. By utilizing Nestle’s distribution […]

ZÜRICH, Switzerland (2 March 2000)–Swiss food giant Nestle has taken over American energy food supplier Powerbar. Last year Powerbar posted sales of approximately US$55 million. While for Nestle the acquisition is just further step into the energy food segment, for Powerbar it is a huge boost in its global distribution network. By utilizing Nestle’s distribution channels, Powerbar expects to record significant sales increases in the coming years. (JB)

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