Nestlé will sell a 60 percent stake of its Herta business to Casa Tarradellas and the two companies will create a joint venture for Herta with their respective stakes. The joint venture includes Herta charcuterie available in six European countries and the Herta dough business in France and Belgium. Nestlé will retain and develop its existing Herta vegetarian business.
"The Herta business has delivered strong performance over the past years and is well-positioned for future growth,” said Marco Settembri, EVP, CEO, Zone Europe, Middle East, and North Africa, in a statement. “We are happy to have Casa Tarradellas as our partner, a family-run business that is a market leader in Spain for pizza, fresh dough and charcuterie. Both companies have a true passion for quality and innovation and are proud to be in a joint venture to provide our consumers with great ingredients for their daily meals.”
Related: Nestlé Sells US Ice Cream Business; Nestlé Restructuring Water Business.
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