Nestlé Canada says it is exiting the frozen meals and pizza business and calls it a strategic move to "focus on categories that support long-term business growth allow for reinvestment in portfolio lines."
The lines the company will be focusing on include confectionery, coffee and beverages, ice cream, infant foods and supplements, health science products, foodservice, premium waters and pet food.
"Nestlé Canada attributes much of its long-term success to its ability to adapt and evolve within the industry. This decision enables us to further invest in priority categories. We remain open to enhancing our portfolio where it makes sense for our business," says John Carmichael, president and CEO, Nestlé Canada. "We look forward to continuing to offer Canadians great Nestlé products now, and in the future."
The lines that will be affected by the move include Delissio, Stouffer's, Lean Cuisine and Life Cuisine.
Nestlé says it doesn't have a factory in Canada that manufactures any of its frozen meals or pizza products.