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Stock impact report

Seviroli Foods Acquires a Portfolio of Italian Food Products from Ajinomoto Foods North America [Yahoo! Finance]

AJINOMOTO CO UNSP/ADR (AJINY) 
NASDAQ:AMEX Investor Relations: ajinomoto.com/en/ir
Company Research Source: Yahoo! Finance
GARDEN CITY, N.Y., January 30, 2024 BUSINESS WIRE )--Seviroli Foods LLC ("Seviroli"), a portfolio company of Mill Point Capital LLC ("Mill Point") and a leading manufacturer of frozen pasta and other food products and importer of specialty foods, announced that it has acquired a portfolio of Italian food products (including the related intellectual property and equipment) (the "Business") from Ajinomoto Foods North America, Inc. ("Ajinomoto"). The Business is comprised of specialty Italian frozen pasta products, including ravioli, tortellini, rolled pastas and other Italian foods. The acquisition expands Seviroli's product offering, primarily in foodservice and retail end-markets, while also broadening its relationships with key customers and suppliers. The Business' leading brands, such as Bernardi, Rotanelli's and Mona's, are well recognized in the industry. The combined product and brand portfolio managed by Seviroli will present an opportunity to accelerate growth and augment i Show less Read more
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