Corporate Acquisitions

Nestle completes takeover of Kraft pizza unit

Swiss food group Nestle said on Tuesday that it had completed its acquisition of the frozen pizza unit of US giant Kraft Foods.

The operation, which was concluded on Monday, will enable Nestle, the world's biggest food company, to begin integrating an estimated 3,600 Kraft employees.

Nestle bought the frozen pizza unit from Kraft in early January for 3.7 billion dollars (2.7 billion euros.)

AFP Global Edition |

Related Topics