Nestlé enters into exclusive negotiations for the sale of Davigel
Posted: 15 April 2015 | Victoria White | No comments yet
Nestlé has entered into exclusive negotiations for the sale of its subsidiary Davigel, a frozen and chilled food products provider, with the Brakes Group…
Nestlé has entered into exclusive negotiations for the sale of its subsidiary Davigel with the Brakes Group.
The Brakes Group is a leading supplier to the foodservice sector in the UK, Ireland, France and Sweden, owned by the private equity manager Bain Capital.
Davigel is a leading provider of branded frozen and chilled food products in Europe
In November last year, Nestlé announced that it was exploring strategic options for the development of Davigel, a provider of branded frozen and chilled food products, ice-cream and solutions for out of home in Europe, as part of its on-going portfolio review.
The transaction is subject to consultations with the relevant works councils and the approval of the competition authorities. Financial details are not being disclosed.
For more information about Nestlé, please visit www.nestle.com.
For more information Brakes Group, please visit www.brakesgroup.com.