Nestlé Canada To Exit Frozen Meals And Pizza Business

By: Trademagazin editor Date: 2023. 02. 07. 09:53

Nestlé Canada has announced it will wind down and eventually exit its frozen meals and pizza business over the next six months in Canada.

In a statement, Nestlé Canada said the decision is driven by the company’s strategy to focus on categories that support long-term business growth and allow for reinvestment in portfolio lines.

This includes confectionery, coffee and beverages, ice cream, infant foods and supplements, health science products, foodservice, premium waters and pet food.

Nestlé Canada does not have a factory in Canada that manufactures any of its frozen meals or pizza products. The company said it will work with its retail partners to facilitate the exit of the affected products.

The affected product lines include Delissio, Stouffer’s, Lean Cuisine and Life Cuisine.

“Nestlé Canada attributes much of its long-term success to its ability to adapt and evolve within the industry,” said John Carmichael, president and CEO, Nestlé Canada.

“This decision enables us to further invest in priority categories. We remain open to enhancing our portfolio where it makes sense for our business.”

“We look forward to continuing to offer Canadians great Nestlé products now, and in the future.”

Nestlé has 3,700 employees in approximately 12 locations across Canada.

ESM