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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.
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BUSINESS
June 20, 2009 | Jerry Hirsch
There's a toll to eating raw cookie dough. The Food and Drug Administration and Centers for Disease Control and Prevention told consumers Friday not to eat prepackaged Nestle Toll House refrigerated cookie dough because the products may be contaminated with a potentially deadly form of E. coli. Since March, at least 66 people in 28 states have gotten sick after eating the dough. The FDA and Nestle didn't identify the states.
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CALIFORNIA | LOCAL
February 29, 2000
Nestle USA Inc. of Glendale has agreed to buy PowerBar Inc., a Berkeley-based manufacturer of energy bars, for an undisclosed sum, the company said. The deal includes PowerBar's manufacturing and distribution centers. Nestle USA is part of Nestle S.A., a food company with annual sales of $52 billion.
BUSINESS
June 4, 2009 | Maura Dolan
The California Supreme Court appeared divided Wednesday over how to handle a $15.6-million jury verdict won by a model who discovered his face on a jar of Taster's Choice coffee. The case is being closely watched by the entertainment and media industries. The Motion Picture Assn. of America and the Los Angeles Times have sided with Nestle USA Inc.
CALIFORNIA | LOCAL
August 8, 2000
Nestle USA Inc. in Glendale has agreed to sell its processed potato business to Simplot, a privately held agribusiness in Boise, Idaho. Terms of the agreement were not disclosed. The sale includes Nestle's three potato processing plants in Idaho and Washington. Nestle is a diversified food and beverage company and part of Nestle S.A. Switzerland.
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
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
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
February 27, 2009 | Bloomberg News
Coca-Cola Co. and joint-venture partner Nestle agreed to pay $650,000 in a settlement with 27 states over claims that Enviga green tea burns calories, resulting in weight loss. Connecticut Atty. Gen. Richard Blumenthal began an inquiry in 2007 seeking evidence that consumers who drink Enviga burn more calories than they take in. Blumenthal, who had said the claim might be "voodoo nutrition," led the coalition of states and the District of Columbia in the settlement.
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.
BUSINESS
October 29, 2000 | MELINDA FULMER, TIMES STAFF WRITER
Every company has its perks, and for employees of Glendale-based Nestle USA, they include a discount company store loaded with everything from its namesake Nestle Crunch bar to Lean Cuisine, Friskies pet food, Ortega salsa and Perrier mineral water. Carrying more than 168 brands and a majority of the company's 2,000 products, the store exemplifies how huge Nestle has become.
CALIFORNIA | LOCAL
August 8, 2000
Nestle USA Inc. in Glendale has agreed to sell its processed potato business to Simplot, a privately held agribusiness in Boise, Idaho. Terms of the agreement were not disclosed. The sale includes Nestle's three potato processing plants in Idaho and Washington. Nestle is a diversified food and beverage company and part of Nestle S.A. Switzerland.
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.
CALIFORNIA | LOCAL
February 29, 2000
Nestle USA Inc. of Glendale has agreed to buy PowerBar Inc., a Berkeley-based manufacturer of energy bars, for an undisclosed sum, the company said. The deal includes PowerBar's manufacturing and distribution centers. Nestle USA is part of Nestle S.A., a food company with annual sales of $52 billion.
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.
BUSINESS
April 9, 1996
Nestle USA Inc., the Glendale subsidiary of the Swiss food giant, said its Nestle Beverage Co. affiliate has agreed to acquire the brands and assets of Koala Springs International. The price was not disclosed. Nestle said the all-cash transaction is subject to legal and regulatory approval. Based in Fremont, Koala Springs markets carbonated fruit drinks, lemonades and teas. It will be integrated into the juice division of Nestle Beverage.
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 . . .
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