The first half of the 1990s were favourable for Nestlé with the opening up of Central and Eastern Europe, as well as China – good news for a company with such far-flung and diverse interests.
We merged with the Ralston Purina Company, which had been founded in 1983, in 2001 to form a new pet food company, Nestlé Purina PetCare Company.
Two major acquisitions were made in North America in 2002: in July, the merger of our U.S. ice cream business with Dreyer’s; and in August, a USD 2.6 billion acquisition of Chef America Inc., a leading frozen food product business.
Nestlé acquired Mövenpick Ice Cream
, enhancing our position as a market leader in the super premium category.