QED Connect Inc (QEDN): QEDN - Could Be Acquired by Nestle...

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trader53

Re: EZmoney- post# 70344

Monday, 12/16/2019 5:38:02 AM

Monday, December 16, 2019 5:38:02 AM

QEDN - Could Be Acquired by Nestle

Nestle
the world's largest food company

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For Nestle and other manufacturers,

foods derived from plants
represent a niche they can't afford to ignore.

It only makes sense for them
to purchase or take equity interests
in companies that have experience
working in the space
and are already well-known
and popular with consumers.

Sweet Earth

https://www.sweetearthfoods.com/
https://www.sweetearthfoods.com/who-we-are
https://www.sweetearthfoods.com/our-products

https://www.fooddive.com/news/nestle-acquires-plant-based-food-maker-sweet-earth/504447/

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QEDN - Nestle to Concentrate in Health Foods

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152807970

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Sept. 7, 2017

Nestle acquires plant-based food maker Sweet Earth

Nestle USA
acquired Sweet Earth,

a plant-based foods manufacturer
based in California with nearly 50 products,
including Harmless Ham and Benevolent Bacon.

Sweet Earth’s portfolio
spans all meal occasions,
diversifying Nestle’s offerings
beyond meals and snacks,
the company said in a statement.

Nestle,

the world's largest food company,
did not disclose the purchase price.

Sweet Earth
will continue to be run by its founders
and will remain independent
with support from Nestle.

__________________________________________________

“In the United States,
we’re experiencing a consumer shift
toward plant-based proteins,"

Paul Grimwood,

Nestle USA's chairman and CEO,
said in the statement.

_________________________________________________________

“One of Nestle’s strategic priorities
is to build out our portfolio
of vegetarian and flexitarian choices
in line with modern health trends.

With unique and nutritious food
for all times of the day,
Sweet Earth
gives Nestle a leading position
in this emerging space.”

______________________________________________________

Demand for plant-based product development
has spiked by close to 140%,

Nellson,
a manufacturer specializing in the production of
bars, beverages and powders, said recently.

______________________________________________________

And HealthFocus estimates
17% of U.S. consumers aged 15 to 70
claim to eat a predominately plant-based diet,
while 60% report to be cutting back
on meat-based products.

Nestle
says plant-based foods
are growing by double digits
and are expected to become
a $5 billion market in the U.S.
by 2020.

https://www.fooddive.com/news/nestle-acquires-plant-based-food-maker-sweet-earth/504447/

________________________________________________________________

Nestle - Our Brands

https://www.nestleusa.com/brands

https://www.nestle.com/brands/brandssearchlist

https://www.nestle.com/aboutus/overview/ourbrands

https://www.nestle.com/stories/international-coffee-day-nescafe-launched-grown-respectfully

https://www.fooddive.com/news/nestle-sells-us-ice-cream-business-to-joint-venture-in-4b-deal/568904/

https://www.fooddive.com/news/nestle-acquires-plant-based-food-maker-sweet-earth/504447/

https://www.nestleusa.com/media/pressreleases/nestle-sweet-earth-foods

Fortune 500 Company Global Search
https://fortune.com/global500/2016/search/

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