Swiss food giant Nestlé has announced that it has reached an agreement to sell home delivery business Eismann to an investor group led by German Equity Partners.
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The terms of the divestment have not been disclosed and the transaction is subject to regulatory approval.
Eismann is a home delivery business with annual sales of about CHF750m (US$609.4m) and operations in Austria, Belgium, France, Germany, Italy, The Netherlands, Spain and Switzerland.
Nestlé acquired Eismann in 2001 as part of Schöller, a producer and marketer of ice cream in Germany as well as in Central and Northern Europe.
Nestlé said home delivery to private households does not constitute a strategic priority for the company.
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