Nestlé to sell 60% stake of Herta, create joint venture with Casa Tarradellas
Nestlé will retain and develop its existing Herta vegetarian business in line with its increased focus on plant-based offerings.
Nestlé S.A., Switzerland, announced plans to sell a 60% stake of Herta to Casa Tarradellas SA, Spain. As a result, Nestlé and Casa Tarradellas will create a joint venture for Herta with their respective stakes of 40% and 60%.
The joint venture includes Herta charcuterie (cold cuts and meat-based products) available in six European countries, as well as the Herta dough business in France and Belgium.