Deal snapshot: ITALIAN INVESTMENT FIRM CLOSES ACQUISITION OF FROZEN PASTA BUSINESS GELIT FROM CONAGRA.
MANews-(C)2009-2019
Chicago, US-based food company Conagra Brands, Inc. (NYSE: CAG) has agreed to divest its Italy based frozen pasta business, Gelit, to an Italian investment company owned by Consilum SGR S.p.A., Progressio SGR S.p.A., and MMM S.r.l., the company said.
Gelit employs around 145 people full time and makes Italian frozen food, sauces and ready meals. The transaction is subject to customary closing conditions and includes the sale of Conagra Brands' entire equity interest in Gelit S.r.l.
Country: Italy
Sector: Food/Beverages/Tobacco
Target: Gelit
Buyer: Consilum...
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