Nestle completes acquisition of Kraft frozen pizza
March 2, 2010
by Eric Schroeder
VEVEY, SWITZERLAND — Nestle S.A. has completed its purchase of Northfield, Ill.-based Kraft Foods Inc.’s frozen pizza business.
“This acquisition is an excellent strategic match for Nestle as it brings leadership in the North American frozen pizza category, where the company had only a minor presence until now,” Nestle said. “The business complements Nestle’s existing frozen meals and snacks businesses while allowing the company to optimize its existing direct distribution network to stores across America.”
Nestle said 3,620 Kraft Frozen Foods’ pizza employees will join the company.