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Nestle enters weight management market - Jenny Craig acquisition enhances Group's nutrition, health and wellness dimension.

Europe Intelligence Wire

| June 19, 2006 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Hugin)

Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- Vevey, June 19, 2006 - Nestle S.A. has reached agreement with a private equity group including ACI Capital and MidOcean Partners for the acquisition of Jenny Craig, a weight management company offering consumers a range of branded nutritional products and services in the USA, Canada, Australia and New Zealand. The company achieved sales in excess of USD 400 million during the last twelve months with double-digit organic growth.…

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