Nestle/Hsu Fu Chi

Nestle and Hsu Fu Chi agree sweet deal

Nestle agrees to pay $1.7 billion to forge a partnership with Singapore-listed confectionery major Hsu Fu Chi as it seeks to strengthen its business in China.

<div style="text-align: left;"> Nestle is aiming to boost revenues in markets such as China (ImagineChina) </div>

Sameera Anand

July 12, 2011

Nestle will buy 60% of Chinese confectionery company Hsu Fu Chi International for S$2.07 billion ($1.7 billion) as it seeks to strengthen its foothold in China. The founding family of the Chinese confectionery company will continue to own the remaining 40% and manage the company.

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