Nestle to buy nutrition firm Jenny Craig

19.06.2006 05:49

The current management team of Jenny Craig, which is based in Carlsbad, California, will continue to run the business and report directly to Nestle, the Swiss company said in a statement.

Nestle is buying Jenny Craig from two private equity groups, ACI Capital and MidOcean Partners. The transaction is expected to close in the third quarter, according to the AP.

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