Nestle nearing sale of Davigel business unit

by Keith Nunes
Share This:
Search for similar articles by keyword: [Nestle]
Davigel is a manufacturer of frozen food products for the food service segment.

VEVEY, SWITZERLAND –—Nestle S.A. has entered into exclusive negotiations to sell its Davigel frozen foods unit to the European food service operator Brakes Group. Davigel is a manufacturer of frozen food products for the food service segment.

This past November Nestle announced its intent to explore the strategic options for Davigel as part of its portfolio review. Financial details were not disclosed and the company said various labor and regulatory approvals were needed before the effort may go forward.

The divestment of Davigel is another chapter in Nestle’s effort to reshape its global product portfolio. Other business units it has sold in the past few years include PowerBar (to Post Holdings), its Mexican ice cream business (Grupo Herdez), Juicy Juice (Brynwood Partners), Joseph’s Pasta (Brynwood Partners), and Jenny Craig (North Castle Partners L.L.C.).
Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.

 

 


The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.