Nestlé first introduced Nescafé in Switzerland in 1938. The company buys the Carnation Company for $3 billion and Nespresso capsules first hit the shelves. Revenue is generated from sales of food and beverage products, with additional revenue from pet care and health science divisions.
Acquisitions and Growth
- 1938: Nestlé introduces Nescafé in Switzerland.
- 1973: Nestlé enters mineral waters by acquiring a stake in French brand Vittel.
- 1976: Keen to bolster canned foods and frozen portfolio, Nestlé takes over the US frozen foods company Stouffer Corporation, and buys canned foods producer Libby, McNeill & Libby.
- 1980s: Nestlé buys the Carnation Company for $3 billion.
- Nestlé continues its growth into the 21st century, having acquired 23 companies, including 8 in the last 5 years.
Ownership
Who currently owns Nestlé?
Nestlé is a publicly owned company with numerous shareholders. It’s not owned by a single entity but is rather a publicly traded company with shares distributed across various investors and institutional holders.