Date Closed

October 31, 2022

Lead Office

Toronto

On October 31, 2022, Nestlé Canada Inc. closed the sale of its Gateway infant formula plant in Eau Claire, Wisconsin and the U.S. and Canadian rights to the Good Start® infant formula brand to Perrigo Company plc "Perrigo". This strategic investment by Perrigo will expand and strengthen is U.S. infant formula manufacturing, which is expected to strengthen industry capacity, enhance consumer choice and increase access to safe and affordable infant formula. Perrigo has begun operating the Good Start® infant formula brand in Canada and the U.S., while Nestlé continues to fulfill its Women Infants and Childrens contracts to ensure uninterrupted supply.

Nestlé, headquartered in Switzerland, is the world's largest food and beverage company.

Perrigo is a leading provider of over-the-counter health and wellness solutions, headquartered in Dublin, Ireland.

McCarthy Tétrault advised Nestlé Canada Inc. with a team led by Lara Nathans that included Mark McEwan, Sarah Ferguson, Gurvir Sangha (Corporate/M&A), Ben Aberant, André Baril, Kelleher Lynch, Nicole Naglie, Émilie Thibault (Labour, Employment, Pensions & Benefits), Martha Harrison, Gajan Sathananthan (International Trade), Oliver Borgers, Erin Keough (Competition), Selina Lee-Andersen (Environmental), Conrad Lee, Michael Scherman (Technology), Vincent Yip (Intellectual Property), Marie-Soleil Landry, Simon Douville, Geneviève Favreau (Tax) and Anthony Salandra (Real Property).