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News from the world leaders in the food industry: Nestlé North America, PepsiCo Spain

15/06/2020

François-Xavier Branthôme
Spain,
North America
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Nestle sells Buitoni brand's North American business
Nestlé announced on June 8 it has agreed to spin off Buitoni, its North American pasta business, as a separate company, as part of an ongoing effort to concentrate on core businesses.
 Buitoni, a brand of refrigerated pastas, cheeses, sauces and other Italian foods, will be bought by private-equity firm Brynwood Partners. The deal is expected to close in the next 30 days. Terms were not disclosed, but the Wall Street Journal reported that the deal values Buitoni’s North American business at USD 115 million (about Euro 101 million).

The sale will include the Buitoni processing facility in Danville, Va., which has 525 full-time employees. That facility will make Nestlé Toll House Cookies on a contract basis.

This is the second major spinoff for Nestlé in less than a year. It transferred its North American ice cream business, including Häagen-Dazs and Drumstick, to a joint venture it owns with another company last December.

Spain: PepsiCo invests Euros 31 million in gazpacho brand Alvalle
PepsiCo eyes growth for sustainable gazpacho brand Alvalle. The company has completed an investment of Euros 31 million in a new production facility: production at the new plant, LaCocina de Alvalle, has already begun and it has a capacity of more than 25 million litres of gazpachos this summer season.
The 40,000 square meter Spanish facility, located in Alcantarilla, Murcia, includes three production lines, which can be extended to four. It will enable the Alvalle brand to produce 50% more than its previous plant.

The new plant has also designed to 'produce more using fewer resources'. Each year, Alvalle uses around 29 million kilos of vegetables of 100% local origin, sourced within a radius of 200km from the plant, with tomatoes, peppers and cucumbers picked in the fields of Murcia, Alicante and Almeria, onion in Valencia and Cordoba,  and 100% extra virgin olive from Cordoba and Jaen.

Source: foodprocessing.com, reuters.com, foodnavigator.com