Italian investors buying Conagra frozen pasta business

摘要

An Italian investment company owned by Consilum SGR S.pA., Pro-gressio SGR S.pA. and MMM S.r.l. has entered into an agreement to acquire the Gelit Italian frozen pasta business from Conagra Brands, Inc. Financial terms of the transaction were not disclosed. Based in Doganella di Ninfa, Italy, Gelit produces Italian frozen food and ready meals primarily for private label customers. The business employs 145 and operates a facility in Doganella di Ninfa (45 miles south of Rome), supplying products to customers around the world. The transaction is subject to customary closing conditions.