Friday, October 9, 2015

Nestlé Opening $70M Product Technology Center in NJ

Nestlé Health Science, a Nestlé subsidiary established four years ago, announced this week that it is investing $70 million to build a Nestlé Product Technology Center (NPTC) in Bridgewater, New Jersey. The development will become the unit's new U.S. headquarters and research hub and is expected to open in 2016, at which time the company will relocate its current research and development activities from Minneapolis and headquarters from nearby Florham Park.

"The new facility will house the latest technologies and people in the field, uniting our R&D and business teams in a region with strong life-science activity," division head Greg Behar said. "It will enhance and accelerate the quality and speed to market of Nestle Health Science's innovations that improve nutritional status and health outcomes."

The Bridgewater facility will be one of more than 30 Nestlé Product Technology Centers around the world. The Bridgewater Center will deliver applied research, specialized technology, nutrition translation and innovative product development supporting Nestlé Health Science’s three main business areas: Consumer Care, Medical Nutrition and Novel Therapeutic Nutrition.

For more news and information visit Blumberg Partners.

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