Nestle sells majority stake in German sausage maker Herta
Nestle said Thursday it's selling a 60% stake of Herta to Spanish family-run firm Casa Tarradellas for an unspecified sum.
The Vevey-based owner of brands such as Stouffer's, KitKat and Gerber said it will keep Herta's vegetarian business and retain a 40% stake in the remaining company, which will operate as a joint venture.
Herta, which mainly manufactures cold cuts and other meat-based products and dough, had sales of 667 million euros in 2018.
Nestle said the deal ``will ensure the continuity of production sites and the current structure of the business, including its employees.'' (dpa)
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