Nestlé acquires Guatemalan food company Malher

Nestlé, the world’s largest food company, agreed to buy a majority stake in Guatemalan food and powdered-beverage maker Malher, the second acquisition the KitKat maker has announced in two weeks.

Malher has 1,300 employees and two factories, which will add to Nestlé’s 3,500 workers and six factories in central America. Nestlé didn’t disclose a price or Malher’s annual sales.

Miguel Angel Maldonado Arriola founded Malher in 1957, selling consommés. Malher now sells spices, canned beans, Yus powdered fruit drinks, and Fruty Dulce sweets.

Original source: Bloomberg