(Reuters) - Nestle said on Thursday the cash transaction would give its growing nutrition division -- which includes infant formula, baby food, medical nutrition and weight management -- annual sales of about 10 billion Swiss francs .
Gerber, a household name in the U.S. growing at an annual rate of 8 percent, will generate an estimated $1.95 billion in sales in 2007 and will improve Nestle's operating profit margin immediately, the Swiss-based company said.
Read more at Reuters.com Business News
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