FDBusiness.com

As part of its on-going portfolio review, Nestlé is exploring strategic options for the development of its subsidiary Davigel, a leading provider of branded frozen and chilled food products, ice cream and solutions for out of home in Europe. This mainly involves identifying a partner to help Davigel in its next stage of growth while safeguarding the best interests of employees, customers and shareholders.

Davigel was founded in 1963 and is now present in 10 countries in Europe and beyond. In 2012 it achieved a turnover of EUR783 million (more than SFr900 million). The company is based in France, where it employs more than 3,000 people and operates three factories.