Nestlé Completes Acquisition of L’Oréal’s 50% Stake in Galderma
As a result of the successful conclusion of the regulatory process and customary closing conditions, Nestlé has completed its acquisition of L’Oréal’s 50% stake in Galderma, as originally announced on 11 February 2014.
Galderma, with approximately 5,000 employees and a presence in 80 countries, will henceforth operate as the pharmaceutical arm of Nestlé Skin Health.
Nestlé Skin Health was formally established on 30 June 2014 as a fully-owned Nestlé subsidiary with its own board of directors comprising the following members: Peter Brabeck-Letmathe, Chairman; Paul Bulcke, Vice-Chairman; Humberto C Antunes, President and CEO; Wan Ling Martello; and Stefan Catsicas.
Based in Lausanne, Nestlé Skin Health is a global leader focused on enhancing the quality of life by delivering science-based solutions for the health of skin, hair and nails.
