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1866 Our history begins back in 1866 when the first European condensed milk factory was opened in Cham Switzerland by the Anglo Swiss Condensed Milk Company 1867 In Vevey Switzerland our founder Henri Nestl a German pharmacist launched his Farine lact e a combination of cow s milk wheat flour and sugar saving the life of a neighbour s child Nutrition has been the cornerstone of our company ever since Henri Nestl himself an immigrant from Germany was instrumental in turning his Company towards international expansion from the very start We owe more than our name our logo and our first infant food product to our founder Henri Nestl embodied many of the key attitudes and values that form part and parcel of our corporate culture pragmatism flexibility the willingness to learn an open mind and respect for other people and cultures Peter Brabeck Letmathe Nestl Chairman 1905 The Anglo Swiss Condensed Milk Company founded by Americans Charles and George Page merged with Nestl after a couple of decades as fierce competitors to form the Nestl and Anglo Swiss Milk Company 1914 The onset of World War I brought severe disruption to us along with the rest of the world Acquiring raw materials and distributing products became increasingly difficult Shortages of fresh milk throughout Europe forced factories to sell almost all their supplies to meet the needs of local towns 1918 Nevertheless the war created new demand for dairy products largely in the form of government contracts To keep up Nestl purchased several existing factories in the United States and by war s end we had 40 factories worldwide 1925 The 1920s were a time of deep economic hardship and Nestl suffered severe difficulties along with much of the world Operations were partially streamlined but the company was able to continue and with the acquisition of Peter Cailler Kohler Swiss Chocolate Company chocolate became an integral part of our business This sparked further variety in the products we offered including malted milk and a powdered drink called Milo 1938 Nescaf coffee was launched 1940 Nescaf became an instant success and was followed in the early 1940s by Nestea 1939 During World War II Members of the Board and General Management were transferred to the U S where they coordinated Nestl activities in the Western Hemisphere the British Empire and overseas 1943 Ironically having slowed the initial launch of Nescaf the war then helped to popularise it with the United States entering the war Nescaf coffee became a staple beverage of American servicemen serving in Europe and Asia 1945 The close of World War II marked the beginning of a particularly dynamic phase of our history Dozens of new products were added as our growth accelerated and we acquired outside companies 1947 The Maggi products from seasoning to soups become part of the Nestl family following the merger with Alimentana S A 1948 Nesquik the instant chocolate drink was developed in the United States Its original name of Quik was a direct allusion to the speed and simplicity of its preparation 1974 For the first time we diversified outside the food industry when we became a major shareholder in L Or al one of the world s leading makers of cosmetics 1981 In 1981 the World Health Assembly adopted the International Code for the Marketing of Breast milk Substitutes WHO Code and recommended that its Member States implement it Nestl was the first company to develop policies based on the WHO Code and apply them across our entire operations in developing countries 1984 An improved bottom line allowed us to make new acquisitions including a public offer of USD 3 billion for the American food giant Carnation At the time this was one of the largest acquisitions in the history of the food industry 1986 The Nespresso story began in 1986 with a simple idea enable anyone to create the perfect cup of espresso coffee just like a skilled barista 1988 The Italian brand Buitoni in Sansepolcro became part of our portfolio in 1988 Nestled in the hills of Tuscany Casa Buitoni is the symbol of the brand s ongoing commitment to quality creativity and tradition The UK based organisation Baby Milk Action launched a boycott against Nestl While there are still boycott activities in the UK today the following organisations have officially ended their support for it the General Synod of the Church of England in July 1994 the Royal College of Midwives in July 1997 the Methodist Ethical Investment Committee in November 2005 and the United Reformed Churches in November 2011 1993 The first half of the 1990s were favourable for Nestl with the opening up of Central and Eastern Europe as well as China good news for a company with such far flung and diverse interests 2001 We merged with the Ralston Purina Company which had been founded in 1983 in 2001 to form a new pet food company Nestl Purina PetCare Company 2002 Two major acquisitions were made in North America in 2002 in July the merger of our U S ice cream business with Dreyer s and in August a USD 2 6 billion acquisition of Chef America Inc a leading frozen food product business 2003 Nestl acquired M venpick Ice Cream enhancing our position as a market leader in the super premium category 2007 We acquired Novartis Medical Nutrition Gerber andHenniez 2009 We held the first Creating Shared Value Forum in New York with leading experts in the areas of nutrition water and rural development coming together to discuss serious global challenges facing us in these three areas and the role of business in helping to solve them The Creating Shared Value Forum has been held on an annual basis since then with London in 2010 and Washington D C in 2011 We

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