Nestlé to acquire Kraft Foods’ frozen pizza business

Nestlé has agreed to acquire Kraft Foods’ frozen pizza business in the U.S. and Canada for $3.7 billion in cash. The business includes brands such as DiGiorno, Tombstone, California Pizza Kitchen, Jack’s, and Delissio. This frozen pizza business provides a new strategic pillar to Nestlé’s frozen food portfolio in the U.S. and Canada.