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FRoSTA AG
M&A Activity • May 4, 2017
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M&A Activity
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News Details
Ad-hoc | 4 May 2017 09:22
FRoSTA AG: FRoSTA AG buys Italian frozen food brands from Nestlé Italiana S.p.A.
FRoSTA AG / Key word(s): Agreement
04-May-2017 / 09:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
/
**Ad-hoc-Memo
FRoSTA AG buys Italian frozen food brands from
Nestlé Italiana S.p.A .**
FRoSTA AG today acquired the commercial business including the trademarks rights for the frozen brands “La Valle degli Orti”, “Mare Fresco” and “Surgela” for the Italian market from Nestlé Italiana S.pA..
The acquisition also includes a multi-year licence agreement for various Buitoni branded frozen ready meals in Italy.
The transfer will take place on June, 1, 2017. In a transitional phase Nestlé Italiana S.p.A. will continue Services in the area of Sales and Administration.
Bremerhaven, May 3rd, 2017
The Board
04-May-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | FRoSTA AG |
| Am Lunedeich 116 | |
| 27572 Bremerhaven | |
| Germany | |
| Phone: | +49 471 / 9736 – 403 |
| Fax: | +49 471 / 75 – 163 |
| E-mail: | [email protected] |
| Internet: | www.frosta-ag.com |
| ISIN: | DE0006069008 |
| WKN: | 606900 |
| Listed: | Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange; Open Market (Basic Board) in Frankfurt |
| End of Announcement | DGAP News Service |