Dr. Oetker UK Ltd., Leeds, United Kingdom, said it agreed to purchase a pizza production plant in Leyland, England and the Chicago Townfrozen food brand fromThe Schwan Food Company , Marshall, Minn. Terms also provide for Dr. Oetker to market and distribute theFreschettaandTony's brands in Europe. Dr. Oetker processes frozen pizza and pizza snacks, yogurt, chilled desserts and home baking products.
In a separate deal, Schwan agreed to sell its frozen pizza plant in Osterweddingen, Germany, toFreiberger Group, Berlin. In turn, Freiberger will produce frozen branded pizza products for Dr. Oetker from the Osterweddingen plant.
According to theAssociated Press, Schwan officials plan to reinvest sale proceeds into North American operations. Schwan reportedly is keeping a production facility in northern France.
Schwan selling European pizza biz
December 8, 2008