Switzerland—Nestlé Health Science will acquire functional hydration brand Nuun, according to a press release.
Nuun offers a range of clean label, low-sugar, effervescent tablets and powders. The products are intended to separate electrolyte replacement from carbohydrates.
“Everyday, health-conscious consumers are becoming more aware of how functional hydration products can add to their overall well-being as well as support them during exercise by replacing the minerals that the body loses. That growing awareness is reflected in the steady growth of the category,” said Greg Behar, CEO of Nestlé Health Science, in the press release. “Nuun is a leader in the fast-growing functional hydration category with its high-quality, clean, plant-based products. We look forward to combining our companies’ expertise to bring Nuun to more people around the world.”
“Nestlé Health Science and Nuun share the same philosophy: nothing is more important than health and well-being,” added Kevin Rutherford, CEO of Nuun. “In joining Nestlé Health Science, Nuun will further its mission of ‘hydration that empowers the world to move more.’ The Nuun team has built an incredible business and now with the reach, expertise and capabilities of Nestlé, I’m confident that together we will grow even more, making people and the planet healthier.”
The transaction is expected to close in Q3 2021.