Abbott plans to spin off nutrition unit that generates $8.5 billion in annual sales
Abbott, a major manufacturer of baby formula and nutritional products, is separating its nutrition division from the rest of the company. The nutrition unit, which includes brands like Similac and Ensure, generates $8.5 billion in annual sales. The separation is expected to be completed by the end of 2027 and will not affect Abbott's financial guidance for 2026.
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2 sourcesAbbott Topples After Announcing Plans To Spin Off Its Nutrition Business