Mayer Brown Advises Nestle's $2.3B Deal For Nutrition Co.

By Darcy Reddan (December 5, 2017, 6:19 PM EST) -- Nestle has acquired Canada-based nutritional health products maker Atrium Innovations Inc. from a group of investors for $2.3 billion, with Mayer Brown LLP advising the buyer, the company announced Tuesday.

Switzerland-based Nestle SA purchased Atrium, which makes Garden of Life brand supplements, from London-based Permira Funds as a way to increase its stake in the consumer health care market. The company said the brand will complement its food and beverage businesses under its Nestle Health Science unit. The deal is subject to regulatory approval and is expected to close in the first quarter of 2018.

"Atrium's established brands are in attractive...

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