date:May 13, 2014
UK-based food maker Bakkavor has completed the sale of its 40% stake in Italpizza, the companys Italian pizza manufacturing business, to Dreamfood.
Financial details of the deal have not been divulged.
Dreamfood is an investment company controlled by Italpizza managing director Cristian Pederzini. Under the terms of the deal, Dreamfood has also been granted a three year option to acquire the remaining 60% of the pizza company.
Commenting on the development, Bakkavor chief executive officer Ag