date:Jan 07, 2014
Nestle said it would sell its U.S.-based frozen pasta business, Joseph's Pasta, to private equity firm Brynwood Partners VII LP as part of a drive to clean up its portfolio.
We can confirm the divestiture of Joseph's Pasta, a spokesman for the world's biggest food group said in an emailed statement on Monday without giving details of the transaction.
Headquartered in Haverhill, MA, Joseph's pasta employs more than 300 people.
Nestle, the maker of KitKat chocolate bars and Maggi soups, said in