Minneapolis-based Bellisio Foods Inc. is being sold to Thai food giant Charoen Pokphand Foods for $1.075 billion.
Bellisio is the nation's third-largest manufacturer and distributor of single-serve frozen entrees, competing with the likes of Nestl' Global and ConAgra Foods. It was established in 1990 and has four facilities located in Ohio, California and Minnesota.
"We are excited to be part of CPF and look forward to driving the North American strategy for one of the world's leading food companies,"...