FILE PHOTO: Nestle logo is pictured on the door of the supermarket of Nestle headquarters in Vevey, Switzerland, February 13, 2020. REUTERS/Pierre Albouy
ZURICH (Reuters) – Nestle SA (NESN.S) is selling the North American business of its Buitoni pasta brand to private-equity firm Brynwood Partners, the Swiss food group said on Monday.
It was confirming a report by the Wall Street Journal, which cited a person familiar with the situation as saying the deal values the Buitoni North American business at $115 million.
“Yes this is correct,” a Nestle spokesman said in response to a query about the report, giving no more details immediately.
Reporting by Michael Shields, Editing by Timothy Heritage