Investors: Nestle should buy natural petfood maker

Nestle may aim to expand further in the petfood industry, according to an article from Bloomberg Businessweek, and investors are urging it to consider buying a natural petfood maker to better compete with Proctor&Gamble, the recent purchaser of Natura Pet Products Inc.

After a deal to sell its shares of Alcon Inc. to the majority owner, Novartis AG, Nestle will receive US$28.1 billion. With this, investors also want Nestle to expand operations into emerging markets. The company has a list of five markets it is looking to enter, according to John Harris, Nestle Waters chief executive.