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Industry: Email Alert RSS FeedJ.W. Childs Equity Partners II, L.P
Food & Drink Weekly, June 5, 2000
J.W. Childs Equity Partners II, L.P. completed its purchase of the NutraSweet Co. from Monsanto, a wholly-owned subsidiary of Pharmacia Corp., for $440 million in cash. The sale includes the sweetener business, the NutraSweet brand name and the new sweetener, neotame. Nick Rosa, formerly a senior vice president with Monsanto, will serve as president and CEO of the NutraSweet Co., the world's largest producer of aspartame.
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In addition, NutraSweet's approximately 500 employees have all been offered positions with the new company.
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