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Nestle's CEO Says Company Still Favors Small and Mid-Sized Deals

  • Mark Schneider however doesn’t rule out larger deals
  • Company has made 85 purchases and divestments under Schneider
Mark Schneider

Mark Schneider

Photographer: Stefan Wermuth/Bloomberg

Nestle SA Chief Executive Officer Mark Schneider said the world’s largest food and beverage company is more interested in small and mid-sized deals, though he wouldn’t rule out a larger acquisition.

The company said it has made 85 purchases and divestments since Schneider became CEO in 2017. In December, Nestle raised $10 billion by reducing its stake in French cosmetics maker L’Oreal SA.