Numico

From Wikipedia, the free encyclopedia

Royal Numico N.V.
Type Wholly-owned subsidiary
Founded 1896
Headquarters Amsterdam, the Netherlands
Key people Jan Bennink, CEO
Industry Food
Products Baby food
Clinical nutrition
Revenue € 2.644 billion (2006)
Owner Groupe Danone
Employees 13,500
Website www.numico.com

Numico (or in full Koninklijke Numico N.V., Royal Numico N.V.), is a specialist baby food and clinical nutrition subsidiary of Groupe Danone. Products range from infant milk formula to specialised nutrition for babies with specific needs and for breastfeeding mothers. It also produces and markets special clinical nutrition, diet products and disease-specific nutrition. Its main brands are Nutricia, Milupa, Mellin, Cow & Gate, and Dumex.

The name, "NUMICO", is formed by NUtricia, MIlupa, COw & Gate.

Numico has three divisions:

  • Baby Food
  • Clinical Nutrition
  • Research & Development

The company's Dairy & Drinks division was sold to Friesland Coberco in March 2001, currently named Royal Friesland Foods. This division was well known for its brands Chocomel/Cécémel, Fristi, Nutroma and Extran which are all still in use by the new owner. This deal is part of Numico's strategy to concentrate on baby and clinical nutrition.

On 2007-07-09, a €12.3 billion offer for the company by French rival Danone was accepted by the Numico board.[1] Danone announced ownership of over 90% of Numico's shares on 31 October 2007, declaring its offer for the remainder unconditional.[2] As a result, Numico was removed from the AEX index. The company's shares were delisted from the Amsterdam Stock Exchange at the end of 2007 as Danone gained full control.[3]

[edit] References

  1. ^ "Danone to Offer 12.3 Billion Euros for Numico", CNBC, 2007-07-09. Retrieved on 2007-07-09. 
  2. ^ "Danone says Numico bid unconditional, holds 90.5 pct", Reuters, 31 October 2007. Retrieved on 2007-11-08. 
  3. ^ Delisting of shares. Euronext (29 November 2007). Retrieved on 2008-02-19.