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Buitoni, a brand of refrigerated pastas, cheeses, sauces and other Italian foods, will be bought by private-equity firm Brynwood Partners. The deal is expected to close in the next 30 days. Terms were not disclosed, but the Wall Street Journal reported that the deal values Buitoni’s North American business at USD 115 million (about Euro 101 million).
PepsiCo eyes growth for sustainable gazpacho brand Alvalle. The company has completed an investment of Euros 31 million in a new production facility: production at the new plant, LaCocina de Alvalle, has already begun and it has a capacity of more than 25 million litres of gazpachos this summer season.
