24 Apr 2023 --- Nestlé and private equity firm PAI Partners are uniting in a joint venture for Nestlé’s frozen pizza businesses in Europe. The company will be headquartered in Germany and operate two facilities, one in Nonnweiler, Germany, and the other in Benevento, Italy. The transaction is expected to close in the second half of 2023, still pending regulatory approval. Financial details of the union have not yet been disclosed.
