Towards Nutrition, Health and Wellness
Following years of growth, Nestlé disposes of unprofitable brands and promotes those that satisfy increasingly health conscious consumers, in line with its new ‘Nutrition, Health and Wellness’ ambition. The company expands in the US, Eastern Europe and Asia, and targets for global leadership in water, ice cream and animal food.
Nestlé and L’Oreal establish Galderma as a joint venture active in dermatology. The World Health Assembly adopts the WHO code on breast-milk substitutes, and Nestlé is one of the first companies to develop policies based on it and apply them across its business.
The company Nestlé Lanka Limited is incorporated in Sri Lanka.
Reinforcing its roots in the island, Nestlé Lanka Limited becomes a public quoted company, with 5,000 local shareholders. Nestlé starts building its first multi-product manufacturing facility in Sri Lanka, located in Kurunegala, with an investment of LKR 500 million.
Nestlé begins commercial production in its Kurunegala factory. Its opening is a landmark event in the country and the factory is inaugurated by Sri Lanka’s first Executive President, His Excellency J.R. Jayawardene. Today this state-of-the-art factory produces more than 90% of the Nestlé products sold in Sri Lanka.
By acquiring US-based Carnation Company for USD 3 billion, Nestlé adds brands such as Carnation and Coffee-Mate to its portfolio. It also enters the pet food business when it buys the Friskies brand.
The Nespresso story begins with a simple idea: enable anyone to create a perfect cup of coffee, just like a skilled barrista.
A wholly owned subsidiary of Nestlé Lanka Limited – Eastern Food Specialties Ltd – is incorporated in Sri Lanka to manufacture coconut milk powder under the Maggi brand at the Kurunegala factory.
Nestlé buys UK confectionery company Rowntree Mackintosh, adding brands including KitKat, After Eight and Smarties to its portfolio. It also acquires Italian pasta, sauce and confectionery group Buitoni-Perugina.
Nestlé establishes a joint venture with General Mills, Cereal Partners Worldwide, to produce and market breakfast cereals globally. The company also creates a joint venture with The Coca-Cola Company to form Beverage Partners Worldwide, to manufacture and market brands including Nestea.
Nestlé develops its position in mineral waters by acquiring France’s Perrier Group. Nestlé Sources Internationales is created as a separate waters business in 1993, and is renamed Nestlé Waters in 2002.
With the increasing success of Maggi Coconut Milk Powder, Nestlé Lanka dedicates a facility at its Kurunegala factory to exclusively manufacture the product. Today Nestlé Lanka is the only manufacturer of coconut milk powder in the Nestlé Group and is among the largest exporters of coconut milk powder in the world.
New CEO Peter Brabeck-Letmathe sees growth potential in personalised nutrition. He articulates Nestlé’s position as the leader in ‘Nutrition, Health and Wellness’, as the millennium approaches.
An Ultra-Heat Treatment (UHT) plant is opened in the Polonnaruwa factory to produce Nestomalt, Milo and Nespray Ready-to-Drink (RTD) products.
The Sustainable Agricultural Intiative Nestlé (SAIN) is launched to promote collaboration with local farmers. It aims to improve their living standards and ensure a sustainable supply of commodities.
Nestlé buys US pet food business Ralston Purina, and merges it with Nestlé Friskies Petcare to establish the new market leader in pet care, Nestlé Purina Petcare.
After expanding its ice-cream business in the 1990s, Nestlé acquires the licensing rights to premium producer Häagen-Dazs in the US and Canada, and buys Mövenpick and Dreyer’s Grand Ice Cream in 2003. It also acquires frozen foods business Chef America for USD 2.6 billlion.
Nestlé gains full ownership of International Dairy Products Ltd in Sri Lanka.
Nestlé Nutrition, Nestlé’s business division that caters to specific infant, child and maternal nutrition needs, is launched in Sri Lanka.