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BUSINESS
May 5, 2000
Robert Schult, who resigned as president of Glendale-based Nestle USA Inc. in January, has joined Novopoint, a Minneapolis-based Internet business-to-business marketplace, as its chief executive. Novopoint, which is launching this summer with an initial investment from such companies as agriculture giant Cargill, will supply food manufacturers with ingredients, packaging and services. It will be operated as an independent company, owned by its food company members.
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BUSINESS
December 28, 2001 | BRAD DORFMAN, REUTERS
Nestle's long-expected move to acquire complete control of the venture that sells Haagen-Dazs ice cream in the United States gives it more ammunition in its war with Unilever for worldwide ice cream supremacy. But one beneficiary in this clash of the packaged goods titans could be lesser-known Dreyer's Grand Ice Cream Inc., the No. 1 U.S.-based ice cream company, which is partially owned by Nestle, analysts said Thursday.
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BUSINESS
September 12, 1995 | Times Staff and Wire Reports
Nestle to Buy Ortega Foods From Nabisco: Glendale-based Nestle USA Inc. did not disclose the purchase price. Ortega products include salsas, chili peppers, taco shells, taco sauces and seasonings, dinner kits and refried beans sold to grocery stores and food service outlets. Ortega will be integrated into the culinary division of Nestle Food Co.
BUSINESS
May 5, 2000
Robert Schult, who resigned as president of Glendale-based Nestle USA Inc. in January, has joined Novopoint, a Minneapolis-based Internet business-to-business marketplace, as its chief executive. Novopoint, which is launching this summer with an initial investment from such companies as agriculture giant Cargill, will supply food manufacturers with ingredients, packaging and services. It will be operated as an independent company, owned by its food company members.
BUSINESS
April 30, 1996
Nestle USA Inc., the Glendale-based subsidiary of the Swiss food giant, hopes to cash in on the popularity of prepared coffee drinks by offering six flavors of Nescafe iced coffee in cans. The company said its beverage division will sell the cans in convenience stores, and will target 18- to 34-year-olds. Los Angeles will be one of the first markets where the drinks will be sold, along with San Francisco, San Diego, Sacramento, Portland, Ore., Philadelphia, Boston and Seattle.
BUSINESS
May 17, 1994
Nestle USA Inc. in Glendale has agreed to purchase stock and warrants that would give it a 22% stake in Dreyer's Grand Ice Cream Inc. If all the warrants to purchase Dreyer's shares are exercised, the purchase price will total $160 million. The deal calls for Nestle to buy 3 million shares of Dreyer's common stock for $32 each, and warrants to purchase an additional 2 million Dreyer's shares for $32 apiece.
CALIFORNIA | LOCAL
April 5, 1991
No traces of tampering were found by the Food and Drug Administration in tests of a La Lechera condensed milk can that contained traces of PCP that poisoned four members of a Pasadena family in February. The federal agency also found no tampering in 14 other cans that came from the same store where Yolanda Aldaz bought the milk. "It's closed as far as we're concerned," said FDA spokeswoman Irene Gomez. The FBI is still continuing its investigation, Gomez said.
CALIFORNIA | LOCAL
March 14, 1991
Pasadena police on Wednesday issued a product-tampering warning after two women, a 3-year-old child and a 7-month-old infant were hospitalized last week after consuming rice pudding made with La Lechera sweetened condensed milk. The four, all members of one family, have recovered. The milk, in 14-ounce cans, was bought Feb. 27 at the Louis Foods market, 451 S. Sierra Madre Blvd., police said. Lab tests determined that the milk was laced with PCP, a hallucinogen commonly known as angel dust.
BUSINESS
February 24, 2000 | From Associated Press
Nestle USA Inc. has reached an agreement to purchase PowerBar Inc., a maker of energy and nutrition bars. The deal announced Wednesday includes PowerBar's Canadian and European subsidiaries and is subject to regulatory approval. The price was not disclosed. "PowerBar is the leading energy and nutrition bar brand in the U.S.," said Joe Weller, chairman and chief executive of Glendale-based Nestle USA.
BUSINESS
December 7, 1999 | Greg Johnson
Nestle USA Inc., which is reemphasizing its Nestle coffee brand, agreed to sell its Hills Bros., MJB and Chase & Sanborn brands to Sara Lee Corp., which last month acquired the Chock Full o'Nuts roast and coffee line. The companies did not release a sales price for the three coffee brands, which generate $280 million in annual revenue. "We determined that it is best to focus our efforts and resources toward the long-term growth of our new premium line of Nescafe . . .
BUSINESS
October 22, 1999 | GREG JOHNSON, TIMES STAFF WRITER
Having watched Starbucks Corp. elbow out its Cafe Sarks brand on grocery store shelves, executives at Nestle USA knew it was time to wake up and sell some coffee. The Glendale-based company is replacing Sarks with a new gourmet coffee and specialty coffee beverage line in Western states, under the 62-year-old Nescafe label.
CALIFORNIA | LOCAL
August 24, 1999
Nestle USA, Glendale, and the Pillsbury Co., Minneapolis, Minn., announced an agreement to form a joint venture of the Nestle USA novelty ice cream business and Pillsbury's U.S. Haagen-Dazs frozen dessert business. All U.S. assets of Haagen-Dazs will be merged with the assets of Nestle's USA Ice Cream Division. The parent companies will retain ownership of the brands and applicable technology. The deal excludes either party's international operations or the Haagen-Dazs U.S. shop system.
BUSINESS
October 28, 1998 | JAMES F. PELTZ
Joe Weller readily admits that as a young salesman, he never expected to be running the U.S. unit of Swiss food giant Nestle, which has nearly $50 billion in global sales. The Tennessee native began his career 30 years ago with Carnation Co., peddling cat food and canned milk to Memphis-area stores. Later he transferred to the Los Angeles headquarters of Carnation, which was bought by Nestle in 1985.
BUSINESS
July 19, 1996 | Times Staff and Wire Reports
Nestle USA to Reorganize: The Glendale-based company said it will reorganize company operations, consolidating its separate businesses and functioning under one retail sales force. Nestle USA also said it appointed Robert Schult as president and chief operating officer. The restructuring will not cause a charge to earnings, company executives said, and the company will decide in the next few months whether positions will be lost as a result. "Effective Jan.
BUSINESS
October 15, 1991
Nestle USA Inc. in Glendale is negotiating to buy Eskimo Pie Corp. from Reynolds Metals Co., which owns 84% of the ice cream company. Potential terms were not disclosed. Reynolds, the nation's second-largest aluminum concern and the maker of such consumer products as Reynolds Wrap foil, said it wants to sell Eskimo Pie to focus only on aluminum and related businesses. Both Reynolds, which had sales of $6.1 billion last year, and Eskimo Pie are based in Richmond, Va.
BUSINESS
December 7, 1999 | Greg Johnson
Nestle USA Inc., which is reemphasizing its Nestle coffee brand, agreed to sell its Hills Bros., MJB and Chase & Sanborn brands to Sara Lee Corp., which last month acquired the Chock Full o'Nuts roast and coffee line. The companies did not release a sales price for the three coffee brands, which generate $280 million in annual revenue. "We determined that it is best to focus our efforts and resources toward the long-term growth of our new premium line of Nescafe . . .
BUSINESS
April 30, 1996
Nestle USA Inc., the Glendale-based subsidiary of the Swiss food giant, hopes to cash in on the popularity of prepared coffee drinks by offering six flavors of Nescafe iced coffee in cans. The company said its beverage division will sell the cans in convenience stores, and will target 18- to 34-year-olds. Los Angeles will be one of the first markets where the drinks will be sold, along with San Francisco, San Diego, Sacramento, Portland, Ore., Philadelphia, Boston and Seattle.
BUSINESS
September 12, 1995 | Times Staff and Wire Reports
Nestle to Buy Ortega Foods From Nabisco: Glendale-based Nestle USA Inc. did not disclose the purchase price. Ortega products include salsas, chili peppers, taco shells, taco sauces and seasonings, dinner kits and refried beans sold to grocery stores and food service outlets. Ortega will be integrated into the culinary division of Nestle Food Co.
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