Nestlé buys Oscar stocks and sauces business from Finland’s Paulig Group

Barely a day after announcing the acquisition of a 60-per cent stake in China's Yinlu Foods Group, Swiss foods giant Nestlé today acquired the Oscar stocks and sauces business from Paulig Group in order to boost its presence in the culinary flavours segment.

Nestlé, the the world's largest food company, did not disclose the financial terms of the deal.

The purchase of the stocks and sauces business Oscar from Finland's Paulig Group was carried out by Nestlé Professional, the company's business that supplies the food service out-of-home industry.

Oscar crafts its stocks and sauces at factories in Denmark and Finland, following traditional methods defined by famous French chef and culinary author Auguste Escoffier.

All its stocks and sauces are produced without any additives or flavourings.

The new acquisition of this premium stocks and sauces operation gives Nestlé Professional an opportunity to expand its out-of-home food business in Denmark and Finland where the Oscar brand is used widely.