Private equity firm Yellow Wood Partners has agreed to acquire a portfolio of mainstream vitamins, minerals and supplements brands from Swiss consumer good giant Nestle, according to a report by Reuters.
The transaction covers seven brands — Nature’s Bounty, Osteo Bi-Flex, Ester-C, Gard, Nuun, Puritan’s Pride and Sisu — alongside Nestle’s US private-label supplements business. The operations generated approximately $1.2bn in sales during 2025.
The deal is part of Nestle’s broader effort to concentrate investment on areas where it believes it has the strongest competitive advantages. Philipp Navratil, who became CEO a year ago, has already taken steps to reduce the group’s exposure to businesses including ice cream and bottled water through disposals and joint ventures.
Nestle acquired several of the brands being sold, including Nature’s Bounty, through its $5.75bn purchase of The Bountiful Company in 2021.
Navratil said the mainstream supplements operations would benefit from a different ownership model, allowing Nestle to redirect resources towards its core strategic priorities.
Nestle will retain Solgar, its premium vitamins and supplements brand, following completion of the transaction.
The sale is expected to close during the first half of 2027, subject to customary conditions and approvals.
For Yellow Wood, the acquisition represents its latest investment in established consumer brands being separated from larger corporate owners. The firm has completed six such acquisitions since 2019, including ChapStick from Haleon and Unilever’s Elida Beauty business.
