Nestle-backed Pizza Producer Near Deal for Crosta Mollica
European Pizza Group, a joint venture between Nestlé and PAI Partners, is close to finalizing an acquisition of Italian frozen food company Crosta Mollica. The deal could be announced as early as next week if exclusive negotiations are secured. The move aligns with the growing trend in consolidation within the European frozen foods sector. European Pizza Group has been expanding its market presence through strategic acquisitions, and this potential purchase would further strengthen its position in Italy's competitive food industry. Crosta Mollica is a well-known brand in Italian households for its range of frozen meals and snacks. The acquisition could enhance Nestlé’s footprint in the region while leveraging PAI Partners' private equity expertise.
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Topics: Food Industry Mergers & Acquisitions