Nestle Completes Acquisition of Kraft Frozen Pizza Unit

Nestle has completed the takeover of Kraft’s frozen pizza business in the US and Canada for $3.7bn.

The Swiss company said the acquisition includes the DiGiorno, Tombstone and Jack’s brands in the US, the Delissio brand in Canada and the California Pizza Kitchen trademark licence.

The transaction is expected to be completed this year and includes the acquisition of two Wisconsin manufacturing facilities in Medford and Little Chute, Nestle said.

Upon completion of the transaction, Kraft Foods’ frozen pizza business will become a part of Nestle USA.