Nestlé acquires Sweet Earth
With the aim of creating a portfolio of vegetarian ready meals in line with the trends amongst modern consumers, Nestlé USA has acquired Californian firm Sweet Earth Foods, which has been operating in this market niche for around six years.
Through this operation, the Swiss multinational expects to reach a global turnover in the sector of €5.3 billion by 2020.
The founders of Sweet Earth, which has 10,000 points of sale across the USA, will continue to run the company with the support of the American division of Nestlé.
Image credits: Sweet Heart Foods
