Nestlé India Limited and Dr Reddy’s Laboratories Ltd have teamed up to introduce nutraceutical brands in India and other selected regions. Nestlé Health Sciences will merge its range of nutritional health solutions with Dr. Reddy’s. Dr. Reddy’s strong presence in India will be a merger partner.
Nestle and Dr Reddy to form Joint nutraceutical brand
The partnership between Dr Reddy’s and Nestlé India aims to provide a wider range of healthcare services in India. They will focus on metabolic health. They will also discuss hospital nutrition. Holistic wellness is another area of focus. Women’s health is important. Child nutrition is another key area. This will help people all across India have better options for staying healthy.
In this new partnership, they’re planning to bring in many popular brands from both companies. Some of these well-known brands are Nature’s Bounty, Osteo Bi-Flex, Ester-C, Resource High Protein, Optifast, Resource Diabetic, Peptamen, Resource Renal, Resource Dialysis, Rebalanz, Celevida, Antoxid, Kidrich-D3, and Becozinc.
They will introduce popular brands like Nature’s Bounty, Osteo Bi-Flex, and Ester-C into the new venture. Dr Reddy’s will own 51% of the joint venture, while Nestlé India will own the rest. Nestlé India can increase its ownership to 60% after six years. Even if Nestlé India does this, Dr Reddy will still own at least 40% of the joint venture. The new company will start operating in the second part of FY25,announced on 25th April 2024.
Nestle and Dr Reddy brands name and further plan
This partnership between Nestlé India and Dr Reddy is really important. It’s going to help both companies provide better medical products or medicines. Suresh Narayanan, Managing Director of Nestlé India, made the following statement: This partnership will make a big difference. He also said that Dr Reddy is good at making medicines. Together, they want to make even better products.
Nestlé Health Science has made some brands like Impact, Boost, and Compleat. These brands offer really good medical products. In 2013, they purchased PalmLab. This company prepares special diets for individuals who require medical assistance. These diets are for people who have memory problems, anxiety, or nerve problems due to diabetes.
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