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Nestle in talks to sell frozen food unit Davigel

Nestle in talks to sell frozen food unit Davigel Multinational food and beverage company Nestle announced this week it is exploring options to sell off its subsidiary Davigel—provider of branded frozen and chilled food products, ice-cream and solutions for out of home in Europe as part of its on-going portfolio review.

The company is currently in exclusive negotiations to sell Davigel to the Brakes Group, a European food service operator owned by the private equity manager Bain Capital. Nestle said the decision came as part of its ongoing portfolio review.

Financial details of the transaction are not being disclosed.

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Jeremy Gerrard was Food Engineering's Digital/Online Editor. He is a graduate of Auburn University with a degree in journalism. His previous work experience includes years spent as a reporter with the Daily Local News out of Chester County, PA. In addition to writing feature articles for Food Engineering, Jeremy covered the Dry Processing, Field Reports and People and Industry news sections.