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Nestle acquires Kraft Foods’ frozen pizza business in the US and Canada.

source: kraftfoodscompany.com


It assumes such brands as DiGiorno, Tombstone, California Pizza Kitchen, Jack’s and Delissio, which will supplement the Nestle’s portfolio of the prepared dishes and hand-held product categories under the Stouffer's, Lean Cuisine, Buitoni, Hot Pockets and Lean Pockets brands.

It is known that the purchase will cost Nestle 3,7 billion dollars. It brings Nestle a leadership in the frozen pizza category, where the company only had a minor presence until now, and builds on Nestle’s existing pizza know-how and operations in Europe.

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