July 28, 2014 2:31 PM ET

Food Products

Company Overview of Nestlé USA, Inc.

Company Overview

Nestlé USA, Inc. produces and distributes food and beverage products for customers in the United States and internationally. It offers baking products, coffee, drinks, and ice cream; culinary, chilled, and frozen food; skinny cow ice cream candy bars; sandwiches, bars, and cones; chocolate, confections, and snacks; and chocolate products, citrus baked chicken, and sweetened condensed milk. Nestlé USA, Inc. offers its products through stores in the United States. The company was founded in 1990 and is based in Glendale, California with manufacturing facilities, distribution centers, and sales offices in the United States. Nestlé USA, Inc. operates as a subsidiary of Nestlé Holdings, Inc.

800 North Brand Boulevard

Glendale, CA 91203

United States

Founded in 1990

Phone:

818-549-6000

Fax:

818-553-3547

Key Executives for Nestlé USA, Inc.

Chairman and Chief Executive Officer
Chief Financial Officer
Head of Emerging Markets Division
President of Confections and Snacks
Vice President of Product Development - Nestlé Prepared Foods
Compensation as of Fiscal Year 2014.

Nestlé USA, Inc. Key Developments

Keurig Green Mountain, Inc. and Nestlé USA Enters into Multiyear Agreement

Keurig Green Mountain, Inc., (Keurig) and Nestlé USA announce a multiyear agreement to bring NESTLÉ(R) COFFEE-MATE(R) branded coffee with creamer to K-Cup(R) packs for the Keurig(R) brewing system. Nestle(R) Coffee-mate(R) is the first brand to offer a 2 in 1 K-Cup(R) pack for hot coffee combining roast and ground coffee with branded creamer. The companies plan to launch the new Nestlé Coffee-mate(R) 2 in 1 K-Cup(R) packs in Original and French Vanilla flavors in fall 2014 and in stores in spring 2015. A reinvention of the coffee routine, Nestlé Coffee-mate(R) 2 in 1 K-Cup(R) packs contain a special combination of coffee and creamer for an even more convenient way to create a rich, creamy, delicious cup of coffee. The Nestlé Coffee-mate(R) 2 in 1 K-Cup(R) packs will be available to grocery, mass and specialty retail channels throughout the United States.

Nestlé USA Issues Recall of Limited Amounts of Häagen-Dazs(R) Chocolate Chocolate Chip Ice Cream in East Coast Region Due to Mismatched Packaging

Nestlé USA initiated a recall of limited amounts of ice cream due to mismatched packaging. The affected products are 14-ounce cartons labeled as Häagen-Dazs Chocolate Chocolate Chip Ice Cream with a UPC of 74570-08400, and lid labeled as Häagen-Dazs Chocolate Peanut Butter. The best buy date and manufacturing code appear on the bottom of the carton: Best By date of 13 May 2015, Manufacturing code of 24-52 4133580418D. These mismatched packages contain Chocolate Peanut Butter ice cream, and the ingredient statement on the carton applies to Chocolate Chocolate Chip Ice Cream and does not identify peanuts. People who have an allergy or severe sensitivity to peanuts may run the risk of serious or potentially life-threatening allergic reaction if they consume this product. The ice cream was produced on May 13, 2014 and has been distributed in District of Columbia, Delaware, Florida, Maryland, North Carolina, New Jersey, New York, Pennsylvania, South Carolina, Virginia and West Virginia. No other production dates, sizes or varieties of Häagen-Dazs ice cream are affected by this recall. Häagen-Dazs product distributed in Canada is also not affected. Only products with mismatched flavor lids and cartons totaling 10,000 packages in the Eastern U.S. are being recalled. A consumer reported the mismatched packaging to Nestlé. The company is investigating this incident and is working with the U.S. Food and Drug Administration in implementing this product recall. Nestlé is also working with Food Allergy Research & Education to alert consumers in the affected areas.

A Federal Judge Rules in Favor of The Hershey Company, Mars, Incorporated, Nestle USA, Inc. in a Price-Fixing Lawsuit

A federal judge ruled on February 26, 2014, in favor of The Hershey Company, Mars, Incorporated, and Nestle USA, Inc. in a price-fixing lawsuit filed by 22 supermarket and drug store chains. U.S. District Judge Christopher C. Conner found that there was no evidence that Hershey Co., Mars Inc., and Nestle U.S.A. colluded to boost prices on candy bars. The class-action suit, brought by chains including Rite Aid, CVS, Safeway, Giant Eagle, and Food Lion, alleged that the chocolate companies - which control 75% of the candy market - knowingly engaged in parallel price increases on single-sale candy bars. The plaintiffs charged that the candy companies in 2002, 2004, and 2007 were in possession of one another's pricing information ahead of formal price increase announcements and replicated an arrangement by their related companies in Canada to tacitly agree to 'follow in lockstep any list price increases initiated by competitors'. The ruling comes six months after a $23 million (Canadian) settlement in a price-fixing suit involving the candy makers' affiliated companies in Canada.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 2, 2014
Nestle USA, Inc., Juicy Juice Business
Merger/Acquisition
December 3, 2013
Nestle USA, Inc., St. Louis Park Nutritional Drink Manufacturing Plant
 

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