Food Wise Company has acquired the Yinlu business of Nestle in China in a transaction valued at $390 million.  Nestle will continue to market coffee, but products will be manufactured by the five Yinlu production facilities in China and this Company will remain a licensee of Nestle.  Yinlu processes and distributes peanut milk and rice porridge, both popular items in China. 

Currently Nestle posts revenue of $8 billion annually in China and will retain a commitment to the Nation. The divestment of Yinlu will allow Nestle to concentrate on the Nescafe brand, infant nutrition, dairy products and pet care.