It has been announced that Nestlé has bought the Gerber baby food business off Novartis for US$5.5 billion.
Phew!!
Click here for Nestlé's press release.
A quick quote for any passing journalists.
Mike Brady, Campaigns and Networking Coordinator at Baby Milk Action, said:
"Nestlé is the worst of the baby food companies so this growth in its market share can only be bad news for mothers and infants. We did have hope that aggressive marketing by Gerber would be ending as its previous owner, Novartis, gave undertakings to comply with the World Health Assembly marketing requirements. Nestlé breaks these in a systematic manner and has rejected our four-point plan aimed at saving infant lives and ultimately ending the boycott we promote. We will monitor closely with our partners to see what happens with Gerber practices."
Despite Novartis giving undertaking to FTSE4Good that it would respect the World Health Assembly marketing requirements for baby foods, violations continue. See our Campaign for Ethical Marketing action sheet:
http://www.babymilkaction.org/CEM/cemsept06.html
Nestlé is the most boycotted company in the UK and one of the four most boycotted on the planet. You will find facts and figures on a recent demonstration press release and contact details. See:
http://www.babymilkaction.org/press/press13dec06.html
There will be a demonstration at Nestlé (UK) HQ on 19 May 11:00-12:00. See:
http://www.babymilkaction.org/action/demo07.html
Here are a couple of relevant past blogs when the takeover was still in the speculative phase:
http://boycottnestle.blogspot.com/2006/12/nestl-novartis-medical-foods-gerber-and.html
http://boycottnestle.blogspot.com/2006/12/nestl-to-swallow-gerber-baby-food.html
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