Formed in 1905 by the merger of theAnglo-Swiss Milk
Company, established in 1866 by George Page and Charles Page, andFarine Lacte Henri Nestl, founded in 1866 byHenri Nestl. Quickly expanded its international business in Europe by early 1900s By 1910, it had factories in United States, England, Germany, Spain and warehouses in Singapore, Hong Kong and Bombay Foray into non-food and beverages sector in 1970s by minority investments in LOreal and acquisition of Alcon Laboratories of Fort Worth.
Background (2/2) Major Acquisitions
Research & Development
Major driving force of Nestle for its second strategic pillar, renovation and innovation Eight sophisticated Product and Development Centres (PTCs) with concentrated resources of 200-300 scientific and technical professionals. PTCs integrated their work into market with Adaptation Centres Nestle re-oriented its basic scientific research with creation of PTCs into1. Nutrition 2. Food safety and product quality 3. Food science and advanced food technology