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Nestle sells U.S. frozen pasta business to Brynwood Partners
date:Jan 07, 2014
from Mondelez via its portfolio company Back to Nature Foods.

Nestle acquired Joseph's Pasta in 2006. It also bought Kraft Food's frozen pizza business in 2010.

Frozen foods are a multi-billion dollar business for Nestle in the U.S. with its Stouffer's, Lean Cuisine and Hot Pockets brands. Nestle's total global sales of frozen and chilled foods amounted to 8.05 billion Swiss francs ($8.90 billion) in 2012. ($1 = 0.9042 Swiss francs)

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