Nestle Sells Joseph's Pasta Unit To Brynwood Partners

Law360, New York (January 6, 2014, 3:27 PM EST) -- Nestle USA Inc.'s prepared foods unit has sold Joseph's Pasta Co., which supplies pasta products to restaurants, to Connecticut-based private equity firm Brynwood Partners VII LP for an undisclosed amount, Brynwood announced Monday.

Brynwood said in a statement that its newly formed portfolio company, JPC Acquisition Co., bought Joseph's Pasta from Ohio-based Nestle Prepared Foods Co., making it the fifth acquisition Brynwood has completed  in recent years with Nestle USA, which is part of Swiss confectionery giant Nestle SA.

"We are excited about the opportunity to...
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