Sector News

Nestle says to sell La Cocinera frozen business to Findus Spain

January 8, 2015
Food & Drink
(Reuters) – Swiss food group Nestle (NESN.VX) said it had signed an agreement to sell its La Cocinera frozen meals business to Findus Spain as part of its ongoing portfolio review.
 
The divestment includes La Cocinera brand and the Valladolid factory, where the frozen culinary products are produced, while the chilled dough products under La Cocinera brand are not part of the deal, the company said in a statement on Thursday.
 
Nestle did not disclose the sale price.
 
The maker of KitKat chocolate bars and Maggi soups is in the middle of a portfolio review and already sold off several underperforming brands, such as its PowerBar energy bars and most of its Jenny Craig weight management business.
 
(Reporting by Silke Koltrowitz)

Related News

April 17, 2021

Ramadan fasting during COVID-19: Experts weigh in on immunity research

Food & Drink

Fasting during the COVID-19 pandemic brings new considerations, but a recent research review from the University of Doha, Qatar, suggests fasting during Ramadan may have a positive impact on immunity strength.

April 17, 2021

Unilever packaging director: E-commerce boom provides opportunities for new refillable packaging formats

Food & Drink

Ahead of the Rethinking Materials Summit (19-20 May), PackagingInsights sits down with Hugo Menilo, Unilever’s global foods packaging director to discuss their explorations in bio-based packaging, advanced recycling, refillable e-commerce solutions and more.

April 17, 2021

Heineken pledges carbon neutrality across value chain by 2040

Food & Drink

The announcement marks the first in a series of refreshed Brew a Better World ambitions, which form part of the company’s new EverGreen growth strategy.

Send this to a friend