Sector News

Nestle says exploring options for Davigel frozen food unit

November 17, 2014
Consumer Packaged Goods
(Reuters) – Nestle said on Friday it is looking at options for frozen foods business Davigel, with a view to partnering the unit.
 
“This mainly involves identifying a partner to help Davigel in its next stage of growth while safeguarding the best interests of employees, customers and shareholders,” the Swiss food and beverage giant said in a statement.
 
In February, Reuters reported that Nestle was looking at selling Davigel for about 300 million euros (373.44 million US dollar), as part of a drive to trim its sprawling portfolio.
 
(1 US dollar = 0.8033 euro) (Reporting By Katharina Bart)

comments closed

Related News

April 26, 2024

Haleon names new Finance Chief and new CHRO

Consumer Packaged Goods

Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.

April 26, 2024

Campari to double Aperol production capacity with €75m investment

Consumer Packaged Goods

The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.

April 26, 2024

Coca-Cola enters $1.1bn strategic partnership with Microsoft

Consumer Packaged Goods

The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.

How can we help you?

We're easy to reach