Nestle has completed its acquisition of Kraft Foods’ frozen pizza business.
“This acquisition is an excellent strategic match for Nestlé as it brings leadership in the North American frozen pizza category, where the Company had only a minor presence until now,” Nestle said.
“The business complements Nestlé’s existing frozen meals and snacks businesses while allowing the Company to optimise its existing direct distribution network to stores across America. In addition, this acquisition enables Nestlé to leverage its pizza-making know-how in Europe.”
The acquisition includes brands such as DiGiorno, Tombstone, California Pizza Kitchen, Jack’s and Delissio, which will be added to Nestle’s existing frozen food portfolio in the US and Canada.