Is carnation owned by Nestle?
Is Carnation from Nestlé?
Carnation was founded as an evaporated milk company, but demand decreased with the increasing availability of home refrigeration throughout the 20th century. Carnation diversified its product portfolio after the 1950s and was acquired by Nestlé in 1984 for $3 billion ($8,798,206,278 in 2023 dollars).