date:Jul 31, 2015
Frozen meals maker Bellisio Foods is looking to exit the business through a possible sale in a deal that could value the company at around $800m.
The proposed plans are in response to tough market conditions as customers are switching to fresh food products.
Sources familiar with the matter were quoted by Reuters as saying that Bellisio's owner Centre Partners Management has recently approached investment banks to help it conduct an auction for the planned sale.
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