FRANCE: Nestle "mulling Davigel disposal"
Nestle "considering Divigel disposal"
Neslte is reportedly considering the sale of its French foodservice unit Davigel.
According to a Reuters report, citing unnamed sources, Nestle is weighing up selling the business in a move that could raise around EUR300m (US$400m).
Last year, Nestle signalled it was evaluating its assets and making portfolio management a priority. The group is selling off underperforming and non-core brands in order to increase its focus on key growth areas.
As part of this process, Nestle announced the sale of its PowerBar unit to Post Cereal yesterday (3 February). Late last year, the group completed the sale of its Jenny Craig weight management assets in North America and Oceania.
Responding to the Davigel report, a Nestle spokesperson said: "As a matter of principle, we do not comment on market rumours."
Davigel is part of Nestle Professional, the Swiss group's business-to-business unit.
Based in France, the business provides frozen and chilled foods to foodservice customers in ten countries around the world. Davigel operates three production plants in the Normandy, Brittany and Charente. It employs 3,000 people and, according to the group, Davigel's annual turnover totals EUR750m.
Synopsis Canadean's "Nestle Pakistan Limited : Consumer Packaged Goods - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The prof...
Nestle S.A. - Strategy and SWOT Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings an...
Synopsis Canadean's "Nestle India Limited : Consumer Packaged Goods - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile...
- Comment: Nestle reacts to world of 3G and Buffett
- Why it is too early to call Unilever food revival
- France takes big step to uniform FOP labels
- What the analysts say: Nestle's Q1
- How will Flowers Foods grow in speciality bread?
- Unilever food, refreshment sales rise
- Nestle CFO Martello to move to head Asia unit
- Nestle sales rise on emerging markets, pricing
- Organic food sales in US up 11% in 2014
- Mondelez launches whipped Philadelphia in UK