Nestle Not Looking For U.S. Coffee Deals

Nestle NSRGY, the world's largest food company, will make due with the brands it has and move forward with those labels in the fight to become a dominant player in the single-cup coffee market in the U.S. Nestle Chief Executive Officer Paul Bulcke said in an interview with Bloomberg News that his company said "We have to do with what we have."

In January, Janney Montgomery Scott analyst said Nestle could make a move on Green Mountain Coffee Roasters GMCR, the dominant single-cup firm in the U.S., Bloomberg reported. Nestle's U.S. single-cup brands include Dolce Gusto and Nespresso, which makes espresso.

In the Bloomberg interview, Bulcke did not rule out other acquisitions, though he was evasive in comments about a possible acquisition of Hershey HSY, saying "You can only buy what's for sale.” Bulcke also refused to comment on whether Nestle has ever made an offer for Hershey.

Nestle makes the KitKat bar, but Hershey has the U.S. rights to that product.