Numico
Encyclopedia
Numico is a specialist baby food
and clinical nutrition
subsidiary
of Groupe Danone
. Products range from infant 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 and COw & Gate.
Numico has three divisions:
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. Danone announced ownership of over 90% of Numico's shares on 31 October 2007, declaring its offer for the remainder unconditional. 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. On 28 October 2008, the Court of Appeals ruled that all remaining Numico shares were to be transferred to Danone (squeeze out
) at the initial offer price of € 55 per share. At the time Danone held approximately 98.9% of the Numico shares.
Principal Subsidiaries: Çmosan A.S. (Turkey); Efamol Ltd. (United Kingdom); Enrich International Inc. (United States); General Nutrition Companies, Inc. (United States); Kasdorf S.A. (Argentina); Larkhall (United Kingdom); Milupa S.A. (Switzerland); Mococa (Brazil); Northfield Laboratories Pty Ltd. (Australia); Nutricia Australasia Ltd. (New Zealand); Nutricia Nederland B.V.; N.V. Galenco (Belgium); Ovita Nutricia Sp. z.o.o. (Poland); Pack-o-Med Medical Supply Systems B.V. (Netherlands); PT Sari Husada Tbk (Indonesia); Qihe Dairy Corporation Ltd of Heilongjiang (China); Rexall Sundown, Inc. (United States); Scientific Hospital Supplies Ltd. (United Kingdom); Szabolcstej (Hungary); Vitamex AB (Sweden).
Principal Competitors: Bristol-Myers Squibb Company; NBTY, Inc.; Nestlé S.A.; Heinz; Novartis; Leiner Health Products; Perrigo Company; Milnot Company; Sunrider Corporation; Nature's Sunshine Products, Inc.; Twinlab Corporation.
Baby food
Baby food is any food, other than breastmilk or infant formula, that is made specifically for infants, roughly between the ages of four to six months to 2 years. The food comes in multiple varieties and tastes, can be produced by many manufacturers, or may be table food that the rest of the family...
and clinical nutrition
Nutrition
Nutrition is the provision, to cells and organisms, of the materials necessary to support life. Many common health problems can be prevented or alleviated with a healthy diet....
subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
of Groupe Danone
Groupe Danone
Groupe Danone is a French food-products multinational corporation based in the 9th arrondissement of Paris. It claims world leadership in fresh dairy products, marketed under the corporate name, and also in bottled water...
. Products range from infant formula
Infant formula
Infant formula is a manufactured food designed and marketed for feeding to babies and infants under 12 months of age, usually prepared for bottle-feeding or cup-feeding from powder or liquid . The U.S...
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
Dumex
Dumex is an infants' and children's nutrition company. Its products span the growing-up milk and follow-on milk categories, and are sold mainly in South-East Asia and China....
.
The name "NUMICO", is formed by NUtricia, MIlupa and 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
Friesland Foods
Royal Friesland Foods is a Netherlands-based multinational cooperative that develops, produces and sells branded dairy products and fruit-based drinks. Royal Friesland Foods has a strong presence in Western Europe, Central Europe, West Africa and Southeast Asia.In 2008, Friesland Foods merged with...
. 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
1000000000 (number)
1,000,000,000 is the natural number following 999,999,999 and preceding 1,000,000,001.In scientific notation, it is written as 109....
offer for the company by French
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
rival Danone
Groupe Danone
Groupe Danone is a French food-products multinational corporation based in the 9th arrondissement of Paris. It claims world leadership in fresh dairy products, marketed under the corporate name, and also in bottled water...
was accepted by the Numico board. Danone announced ownership of over 90% of Numico's shares on 31 October 2007, declaring its offer for the remainder unconditional. As a result, Numico was removed from the AEX index
AEX index
The AEX index, derived from Amsterdam Exchange index, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the Amsterdam Stock Exchange. Started in 1983, the index is composed of a maximum of 25 of the most actively traded securities on the exchange...
. The company's shares were delisted from the Amsterdam Stock Exchange
Amsterdam Stock Exchange
The Amsterdam Stock Exchange is the former name for the stock exchange based in Amsterdam. It merged on 22 September 2000 with the Brussels Stock Exchange and the Paris Stock Exchange to form Euronext, and is now known as Euronext Amsterdam.-History:...
at the end of 2007 as Danone gained full control. On 28 October 2008, the Court of Appeals ruled that all remaining Numico shares were to be transferred to Danone (squeeze out
Squeeze out
Squeeze out is a term referring to the compulsory acquisition of the stakes of a small group of shareholders from a joint stock company by means of cash compensation.-Germany:...
) at the initial offer price of € 55 per share. At the time Danone held approximately 98.9% of the Numico shares.
Principal Subsidiaries: Çmosan A.S. (Turkey); Efamol Ltd. (United Kingdom); Enrich International Inc. (United States); General Nutrition Companies, Inc. (United States); Kasdorf S.A. (Argentina); Larkhall (United Kingdom); Milupa S.A. (Switzerland); Mococa (Brazil); Northfield Laboratories Pty Ltd. (Australia); Nutricia Australasia Ltd. (New Zealand); Nutricia Nederland B.V.; N.V. Galenco (Belgium); Ovita Nutricia Sp. z.o.o. (Poland); Pack-o-Med Medical Supply Systems B.V. (Netherlands); PT Sari Husada Tbk (Indonesia); Qihe Dairy Corporation Ltd of Heilongjiang (China); Rexall Sundown, Inc. (United States); Scientific Hospital Supplies Ltd. (United Kingdom); Szabolcstej (Hungary); Vitamex AB (Sweden).
Principal Competitors: Bristol-Myers Squibb Company; NBTY, Inc.; Nestlé S.A.; Heinz; Novartis; Leiner Health Products; Perrigo Company; Milnot Company; Sunrider Corporation; Nature's Sunshine Products, Inc.; Twinlab Corporation.