Sector News

Nestle says exploring options for Davigel frozen food unit

November 17, 2014
Food & Drink
(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)

Related News

April 10, 2021

Crown agrees to sell its EMEA food packaging unit in €2.25bn deal

Food & Drink

Crown’s European Tinplate business is one of the largest manufacturers of steel and aluminium food packaging in Europe, operating 44 manufacturing facilities in 17 countries across Europe, the Middle East and Africa.

April 10, 2021

Nestlé opens new plant-based food production site in Malaysia

Food & Drink

The facility, which marks the first in ASEAN and second in Asia, will cater to the rising local demand for plant-based food, as well as exports. It joins the company’s plant-based food facility in Tianjin, China.

April 10, 2021

DSM invests $100m in launch of personalised nutrition company

Food & Drink

The newly-formed company seeks to disrupt the nutritional marketplace by creating brands that target various health conditions.

Send this to a friend