Nestlé and PAI Partners are reportedly nearing a deal to acquire Crosta Mollica, a UK premium frozen pizza brand, according to Sky News, citing financial industry sources.
The transaction, valued at over £300 million, is expected to be finalized within weeks through the European Pizza Group (EPG), a joint venture established by Nestlé and PAI in 2023. EPG was formed after Nestlé divested its European frozen pizza business, with the Swiss food giant holding a minority stake alongside equal voting rights.
While EPG is positioned as the preferred bidder, other parties have also submitted offers, indicating a competitive bidding process. The deal remains subject to final negotiations and regulatory approvals.
