Yellow Wood Partners agreed to acquire Nestlé’s Holistic Health platform for $1 billion.

The deal includes vitamin, mineral, and supplement brands Nature’s Bounty, Nuun, Osteo Bi-Flex, and Gard. Nature’s Bounty currently ranks as the second-largest brand in the U.S. supplement market.

Nestlé CEO Philipp Navratil stated the divestment focuses resources on the company's primary competitive advantages. The transaction continues Nestlé’s ongoing strategic portfolio transformation.

Yellow Wood Partners will integrate these hydration and immunity brands into its existing consumer portfolio. The firm’s current assets include established names such as Dr. Scholl’s and Chapstick.