Nestle looking to divest Davigel business

by Keith Nunes
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VEVEY, SWITZERLAND — Nestle said it is “exploring strategic options” for its Davigel subsidiary. Based in France, Davigel is a maker of frozen foods.

“As part of its on-going portfolio review, Nestle announced today that it is exploring strategic options for the development of its subsidiary Davigel, a leading provider of branded frozen and chilled food products, ice-cream and solutions for out of home in Europe,” the company said. “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 announcement is the latest step by Nestle to improve its product portfolio. In July, the company sold its Juicy Juice business to a private equity firm and in February it sold its Power Bar business to Post Foods. In 2013, Nestle divested its shares in the Givaudan flavor company and sold its North American interest in Jenny Craig to another private equity company.
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