Foodservice

Private equity firm acquires Nestlé’s North American Buitoni business

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June 10, 2020

Brynwood Partners VIII L.P., a private equity firm, has agreed to acquire the North American Buitoni business from Nestlé USA, Inc., according to a press release. Brynwood's newly-formed portfolio company, Buitoni Food Company, will continue to support the business.

The transaction, which includes a 240,000 square foot manufacturing facility in Danville, Virginia, is expected to close within the next 30 days, subject to customary U.S. regulatory review. Terms and conditions of the deal are not being disclosed.

Buitoni Food Company will be based in Stamford, Connecticut and the Danville, Virginia manufacturing facility, with its approximately 525 full-time employees, will continue to support the business.

Buitoni is a national brand in the refrigerated pasta, sauces and cheese categories. The transaction includes the rights to the Buitoni brand in the U.S., Canada and the Caribbean territories. Buitoni Food Company will continue to manufacture Nestlé Toll House cookie dough products from the Danville, Virginia facility under a supply agreement.

Since 2003, Brynwood Partners has acquired the Flipz, DeMet's Turtles, Treasures, Stixx, Juicy Juice, Bit O Honey, Nutrament and Joseph's Gourmet Pasta brands from Nestlé.

With this acquisition, Brynwood Partners, has acquired 55 brands from 20 different corporate sellers since its founding in 1984.