Today, Nestlé Canada, a market leader in the Food and Beverage industry, announced the wind down and exit of its Frozen Meals & Pizza business over the next six months in Canada.
This decision is driven by the company’s strategy to focus on categories that support long-term business growth and allow for reinvestment in portfolio lines. This includes 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,” said John Carmichael, President and CEO, Nestlé Canada. “We look forward to continuing to offer Canadians great Nestlé products now, and in the future.”
The following product lines that will be affected are as follows:
- Lean Cuisine
- Life Cuisine
Nestlé Canada does not have a factory in Canada that manufactures any of its Frozen Meals or Pizza products. The company will work with its retail partners to facilitate the exit of the affected products.
“we need to trim the fat and stay profitable, focus on what we’re best at: exploiting vulnerable, impoverished people for their fresh water resources and selling it back to them”
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