Nestle buy Kraft unit worth 3.7 M U.S. Dollars
Company Info September 6th, 2009
Nestle SA said it had got approval to buy food manufacturers business unit of the United States, Kraft, who specialized in the sale of frozen pizzas. This transaction value reached 3.7 billion U.S. dollars.
The purpose of this purchase Kraft unit to develop a food business, especially in the region of North America. In a company statement, Tuesday (5/1/2010), also mentioned, in this transaction also has bought Nestle brands DiGiorno, Tombstone, and California Pizza Kitchen.
In a company statement also said, this time they were also willing to join in the bidding Cadbury Plc.
Frozen pizza business into a pillar of a new strategy for Nestle, especially to expand their markets in the United States and Canada. Because the company has led the food products in this area.
