Source: www.reuters.com
1 Min Read
ZURICH (Reuters) - Nestle SA NESN.S is selling the North American business of its Buitoni pasta brand to private-equity firm Brynwood Partners, the Swiss food group said on Monday.
It was confirming a report by the Wall Street Journal, which cited a person familiar with the situation as saying the deal values the Buitoni North American business at $115 million.
“Yes this is correct,” a Nestle spokesman said in response to a query about the report, giving no more details immediately.
Reporting by Michael Shields, Editing by Timothy Heritage
