Announced
Financials
Tags
Italy
Acquisition
food retail
Private
Private Equity
frozen foods
Food Retailers and Wholesalers
Synopsis
Conagra Brands, an American packaged foods company, sold Gelit, its Italian-based frozen pasta business, to a consortium consisting of Consilum SGR, Progressio SGR and Massimo Menna. Financial terms were not disclosed, however the purchase price is rumoured to be approximately €70m ($78m).
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