Italian investment company to buy Conagra Brands’ frozen pasta business

May 15, 2019 246

An Italian investment company owned by Consilum SGR S.p.A., Progressio SGR S.p.A. and MMM S.r.l. has entered into a definitive agreement to acquire the Gelit Italian frozen pasta business from Conagra Brands, Inc. Financial terms of the transaction were not disclosed.

Based in Doganella di Ninfa, Italy, Gelit produces Italian frozen food and ready meals primarily for private label customers. The business employs 145 people and operates a facility in Doganella di Ninfa, supplying products to customers around the world.

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SOURCE: https://www.foodbusinessnews.net

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