Conagra Brands to divest Gelit

Conagra Brands, Inc., Chicago, announced plans to divest Gelit, its Italy-based frozen pasta business, to an Italian investment company owned by Consilum SGR S.p.A., Progressio SGR S.p.A. and MMM S.r.l.

Gelit produces and supplies frozen ready-to-heat meals and pancakes for restaurants.