Schwan selling European pizza biz
In a separate deal, Schwan agreed to sell its frozen pizza plant in Osterweddingen, Germany, to Freiberger Group, Berlin. In turn, Freiberger will produce frozen branded pizza products for Dr. Oetker from the Osterweddingen plant.
According to the Associated Press, Schwan officials plan to reinvest sale proceeds into North American operations. Schwan reportedly is keeping a production facility in northern France.