AP NewsBreak: Nestle gets stake in US-based Accera

Published July 18, 2012 5:55pm ET



GENEVA (AP) — Making what it calls its first big move into “brain health” products, Swiss food and drinks giant Nestle SA has acquired a stake in a privately held U.S. healthcare company that makes a vanilla milkshake prescribed to Alzheimer’s patients, a Nestle executive told The Associated Press on Wednesday.

The Vevey, Switzerland-based company’s undisclosed stake gives it status as the biggest minority shareholder in Accera, Inc., the Broomfield, Colo., company that makes the milkshake, said Luis Cantarell, president and CEO of Nestle Health Science SA, a wholly owned subsidiary. Exact terms of the transaction were not disclosed.

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