Frosta in talks to buy Nestle’s Italian frozen food business | Progresiv

German food company Frosta is in talks to buy Nestle's Italian frozen food business, Frosta said, according to Reuters.

Frosta has entered exclusive negotiations to buy the business, which includes the brands La Valle Degli Orti, Mare Fresco and Surgela, the Bremerhaven-based company said.

"In the framework of the exclusivity, Frosta is currently examining whether such an investment would be beneficial for the company," Frosta said in a statement.

The news comes as Nestle takes a leadership role in combatting labor problems in the fishing industry, having recently committed to a full ban on transshipment at sea in its supply chains. (www.reuters.com)