Nestlé plans to relocate its pizza business from Northbrook, Ill., to Solon, Ohio. Nestlé Pizza operates the Digiorno, California Pizza Kitchen, Tombstone and Jack's brands. The company anticipates completing the move by mid-2014.
Nestlé plans on investing $53 million in a new product technology center, which will expand the company's existing R&D facility in Solon, Ohio.
Efficient Collaborative Retail Marketing reported that the current drought conditions have yet to lead to an increase in food prices.