Source: www.reuters.com

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(Reuters) - Nestle Chief Executive Mark Schneider has made great strides in positioning the world’s largest food company for the future with his aggressive deal-making since taking over in January 2017.

The 54-year-old German-American has set a vision on selling premium products in fast-growing categories such as pet food and coffee while disposing of businesses in slower-growth areas such as chocolate and processed meat.

Schneider promised to replace as much as 10% of Nestle's existing portfolio by the end of 2020 and has conducted more than 50 transactions and reviews since he took the helm. (reut.rs/34b1H2z)

In October Schneider indicated he would not stop at the 10% target, describing the portfolio review as an “ongoing process”.

Below is a summary of the top deals under Schneider’s tenure:

* January - Nestle expands its medical nutrition portfolio with the acquisition of Zenpep from Allergan. Zenpep is a medication for people who have a pancreas that is unable to provide sufficient enzymes to properly digest fats, proteins and sugars.

* February - Nestle’s health science arm invests an additional $200 million in Aimmune Therapeutics after the drugmaker won U.S. approval for its peanut allergy therapy.

* May - Sells its skin health unit, maker of the Cetaphil and Proactiv skincare brands, to private equity firm EQT Partners for 10.2 billion Swiss francs ($10.1 billion). The business accounted for about 3% of group sales.

* December - Agrees a $4 billion sale to Froneri of its U.S. ice-cream business, which includes Haagen-Daazs. Froneri is Nestle’s ice-cream joint venture with private equity firm PAI Partners.

* December - Nestle agrees to sell a majority stake in its packaged meat business, Herta, to family-run Spanish company Casa Tarradellas to create a joint venture in which it would hold a 40% stake.

* January - Sells its U.S. confectionary business to Ferrero for $2.8 billion, handing over control of brands Butterfinger, Crunch and Baby Ruth to the Italian manufacturer. The deal marked Schneider's first big sale, underlining the shift in focus toward healthier products. (reut.rs/2snYMX2)

* May - Strikes $7.2 billion licensing deal here with Starbucks for exclusive rights to sell the U.S. chain’s packaged coffees and teas around the world, tying a premium brand to Nestle’s global distribution muscle's. The contract includes Starbucks-branded capsules for Nestle's Nespresso and Dolce Gusto single-serve brewers.

* September - Sells its Gerber Life Insurance business here to Western and Southern Financial Group for $1.55 billion in cash. The insurer, which sold life cover for families and juveniles, had sales of $856 million in 2017, equating ot less than 1% of group sales that year.

* September - Nestle acquires majority interest in California-based coffee roaster Blue Bottle Coffee here, its first step into the fast-growing, super-premium coffee shop segment.

* September - Agrees to buy California-based Sweet Earth here, the plant-based foods manufacturer behind the Awesome burger, for an undisclosed sum.

* December - Signs a $2.3 billion deal here to buy privately held Atrium Innovations, a Canadian vitamin maker, from a group of investors led by Permira Funds. The cash deal gives Nestle exposure to the consumer healthcare category.

Compiled by Siddharth Cavale and Nivedita Balu in Bengaluru; Editing by David Goodman