VEVEY, Switzerland, June 19 (UPI) -- Switzerland's Nestle SA said Monday it and its partners will pay about $600 million to buy weight-loss company Jenny Craig.
Nestle and its partners, ACI Capital and MidOcean Partners, will retain the current management of Jenny Craig, which was founded in 1983.
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The Jenny Craig acquisition follows the recent acquisition of the Uncle Toby's cereals and nutritional snacks business in Australia.