Nestle USA announced that it has agreed to acquire Sweet Earth, a plant-based foods manufacturer based in Moss Landing.
The acquisition will give Nestle immediate entry into the plant-based foods segment, which is growing by double digits and expected to become a US$5 billion market by 2020. Sweet Earth’s portfolio spans all meal occasions, diversifying Nestle’s offering beyond its existing category leadership in meals and snacks.
Launched in 2011 by co-founders Kelly and Brian Swette, Sweet Earth’s award-winning frozen meals, burritos, breakfast sandwiches, and chilled plant-based burgers and proteins are sold in more than 10,000 stores, including independent natural grocers, Whole Foods, Target, Kroger and Walmart.
Full Content: Arab News
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Trump Vows to Block Nippon Steel’s Acquisition of US Steel
Dec 4, 2024 by
CPI
Microsoft Demands FTC Investigation into Alleged Antitrust Probe Leak
Dec 3, 2024 by
CPI
American Express Must Face Class Action Lawsuit, US Judge Rules
Dec 3, 2024 by
CPI
Ted Cruz Seeks Probe into European Influence on US AI Laws
Dec 3, 2024 by
CPI
Microsoft Faces £1.2 Billion Lawsuit in UK Over Cloud Software Licensing Practices
Dec 3, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Moats & Entrenchment
Nov 29, 2024 by
CPI
Assessing the Potential for Antitrust Moats and Trenches in the Generative AI Industry
Nov 29, 2024 by
Allison Holt, Sushrut Jain & Ashley Zhou
How SEP Hold-up Can Lead to Entrenchment
Nov 29, 2024 by
Jay Jurata, Elena Kamenir & Christie Boyden
The Role of Moats in Unlocking Economic Growth
Nov 29, 2024 by
CPI
Overcoming Moats and Entrenchment: Disruptive Innovation in Generative AI May Be More Successful than Regulation
Nov 29, 2024 by
Simon Chisholm & Charlie Whitehead