Nestle Sells Remaining 40% Herta Stake to Casa Tarradellas, Ending Joint Venture

Nestle said on Tuesday it had completed the sale of its remaining 40% stake in packaged meat business Herta Foods to Spanish company Casa Tarradellas.

No other terms were disclosed.

Nestle said the joint venture that had been created in 2019 when it sold an initial stake in Herta to Casa Tarradellas had come to an end.

Nestle first put Herta charcuterie, the cold cuts and meat-based products unit, under strategic review as it no longer fitted with the company's strategic focus on healthy nutrition and plant-based offerings...

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