February 24, 2000 |
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.
December 7, 1999 |
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 . . .
October 22, 1999 |
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.
October 28, 1998 |
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.
July 19, 1996 |
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.