Brynwood Partners to acquire the Buitoni unit of Nestle for $115m.

Brynwood Partners, an operationally-focused private equity firm, agreed to acquire the Buitoni refrigerated pasta, sauces and cheese brand from Nestle for $115m. "We are delighted to announce the formation of Buitoni Food Company. We are thrilled to add the famous Buitoni brand, and its delicious pastas, sauces and cheeses to our investment portfolio. Buitoni has a rich history and Italian heritage that has delighted consumers for over 100 years. The Danville, VA facility will enable us to quickly invest in new culinary and eating trends so that we can build on the strong foundation of current Buitoni offerings. We look forward to innovating and growing the Buitoni brand as more consumers seek out high quality meals that can be easily prepared at home," Henk Hartong III, Brynwood Partners Chairman and CEO.