German food company Frosta said on Monday it was talking to KitKat maker Nestle about buying its Italian frozen food business.
Frosta has entered exclusive negotiations to buy the business, which includes the brands La Valle Degli Orti, Mare Fresco and Surgela, the Bremerhaven-based company said.
“In the framework of the exclusivity Frosta is currently examining whether such an investment would be beneficial for the company,” it said in a statement.
By John Revill
Source: Reuters
The global snacking, international cereal and noodles, plant-based foods and North American frozen breakfast business will be known as Kellanova – home to brands such as Pringles, MorningStar Farms and Nutri-Grain. Kellanova’s portfolio will also encompass cereal brands, including Frosties, Special K, Krave and Coco Pops.
Nestlé is piloting refillable vending machines for its Milo and Koko Krunch brands as part of its effort to explore solutions that help to reduce the need for disposable packaging. In collaboration with digital start-up Qyos by Algramo, the machines will be available at two retailers in Indonesia during a 4-6 month trial period.
Carlsberg has announced that Jacob Aarup-Andersen will join the company as chief executive officer, replacing Cees ’t Hart, who will retire by the end of Q3 2023. Since 2020, Aarup-Andersen has served as CEO of ISS, a global facility services company that operates in 60 countries.
