Sector News

Frosta examining takeover of Nestle's Italian frozen food business

April 11, 2017
Consumer Packaged Goods

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

comments closed

Related News

November 26, 2023

The future of alt-dairy: Givaudan harnesses digital technologies to customize flavor profiles and predict trends

Consumer Packaged Goods

Consumer behaviors and preferences are evolving rapidly. With macro shifts in society, inflation and food supply challenges set to profoundly influence how people consume food and beverages, Givaudan is exploring what the world of dairy alternatives will look like in the coming decade.

November 26, 2023

Arla Foods Ingredients CEO Henrik Andersen to step down

Consumer Packaged Goods

After nearly three decades with AFI, Andersen is leaving to pursue a different career path “to work on diverse projects and explore opportunities to serve as board member”. Serving as CEO since 2010, Andersen joined AFI in 1994, initially overseeing applications and R&D. Over the years, he has maintained a strong focus on the whey business.

November 26, 2023

Kraft Heinz appoints five new members to executive leadership team

Consumer Packaged Goods

The Kraft Heinz Company has introduced five new members to its executive leadership team, who will collaborate with Carlos Abrams-Rivera upon assuming the CEO role in 2024. Pedro Navio will assume the position of North America president at the beginning of next year. In addition, Willem Brandt, Bruno Keller, Cory Onell and Diana Frost will join Abrams-Rivera and Navio on the executive leadership team.

How can we help you?

We're easy to reach