Nestlé is the world's largest food company, it owns 53.8% share of leading Israeli food manufacturer Osem, an investment worth over $850 million.
In 1998, Mr. Peter Brabeck-Letmathe on behalf of Nestle, received the Jubilee Award by the Israeli Prime Minister Netanyahu [Jubilee Award]. Following the award in June 2002 Nestle opened its Research & Development Centre in Israel, in Sderot. And since then it has steadily increased its investment in Israel, its initial 10% stake in Osem has now grown to a controlling 53.8%. Nestle also owns Nespresso Israel Ltd in Tel Aviv which supplies coffee brewing equipment. In 2010 Nestle acquired a 51% stake in Israeli babyfood company Materna Laboratories for $72 million.
Nestle has 9 factories in Israel, which after China(18) and Russia(11) is the highest number in any country in Asia - disproportionately high when one considers its size and population. And in May 2011, Nestle announced plans to build another factory in Israel, an ice cream plant worth $40 million.
Nestlé also owns 30% stake in L'Oréal, another company on the boycott list.