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Western & Southern Financial closes Gerber Life deal

Western & Southern Financial Group Inc. closed its $1.55 billion acquisition of Gerber Life Insurance Co. from Nestlé SA on Dec. 31, 2018.

Through the purchase, Western & Southern secured a long-term license to use certain Gerber Life intellectual property, including the Gerber Life name and logo. The companies announced in September that the deal does not include the food and beverage giant's Gerber Products business, a baby food and baby care brand.