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Packaged Food

Novartis Drinks Up and Leaves

by July 26th, 2002

The recent announcement by Novartis of its intention to sell off its health and functional food operations and focus on its core healthcare business has sparked interest across the food and beverage industry. The divestment of brands “whose growth can be accelerated in companies where there is a good strategic fit”, has resulted in a slew of potential suitors keen to snap up one or more brands for their own portfolios.