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Nestle plans acquisitions; for new product lines

Analysing the buoyant domestic demand, the food-maker Nestle is


July 02, 2010  |  comments ( 0 )  | 
Nestle plans acquisitions; for new product lines

Analysing the buoyant domestic demand, the food-maker Nestle is looking forward to acquire some companies with a view to expand its product portfolio. The company is also planning to launch a few more products in the coming times. "We are growing...we plan to acquire one or a couple of companies to expand our product-line in India. This is the right time and we have to invest more here," Nestle India's Chairman and Managing Director, Antonio Helio Waszyk affirmed. Though the company was tight-lipped on the acquisition time frame but was apprehensive about the decision. Further, the company also announced the launch of new products like breakfast cereals in their catalogue.


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