Nestle, a food tycoon, will be involved in traditional Chinese Medicine
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Last Update: 2012-12-05
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Source: Internet
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Author: User
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Nestle, the world's largest food producer, announced yesterday that it had completed its acquisition of Pfizer's nutrition business, despite a lack of approval in some markets According to reports, the transaction was completed on November 30, involving US $11.85 billion; more than 4500 employees of Pfizer nutrition (mainly Wyeth milk powder) will join Nestle, and the integration work is still in progress The reporter learned from Nestle that the acquisition of Pfizer nutrition business has been completed with the approval obtained in most of the global markets In addition, Nestle's eyes also turned to traditional Chinese medicine The reporter learned that recently Nestle and "he Huang China Pharmaceutical Technology Co., Ltd." set up a joint venture company, and Nestle will have the right to take and use medicinal materials from the medicinal materials warehouse of he Huang China Pharmaceutical It is understood that the herbal medicine library contains 50000 kinds of extracts from more than 1200 kinds of medicinal plants.
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