Bellisio Foods to buy California food manufacturer

May 22, 2013 1318

by Peter Passi

Bellisio Foods, the nation's third-largest manufacturer of frozen entrees, is about to get bigger. The company, which frozen food magnate Jeno Paulucci launched as Michelina's in 1990, unveiled its plans last week to purchase Overhill Farms, a company with manufacturing facilities in the Los Angeles area, for about $80.9 million. The sale still needs to be approved by Overhill's shareholders, but the deal is expected to close by October of this year.


Although it was once based in Duluth, Bellisio Foods now is headquartered in Minneapolis. Paulucci named the business in honor of Bellisio Solfare, the Italian village his family once called home.

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Fonte: http://www.equities.com/

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