date:May 30, 2019
US-based food company Conagra Brands has completed the sale of its frozen pasta business Gelit to an Italian investment company.
The investment company is owned by a consortium of financiers, including Consilum SGR, Progressio SGR and MMM, whose reference shareholder is Massimo Menna.
Conagra Brands agreed to divest the entire equity interest in Gelit on 6 May.
Financial details of the deal were not disclosed.
Headquartered in Doganella di Ninfa, Italy, Gelit produces Italian frozen food and