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Hain forms joint venture to recharge Rosetto frozen food brand

from Food Business News

The Hain Celestial Group Inc. has taken a 49 percent minority interest in a new joint venture, Rosetto Foods LLC. As part of its role in the joint venture Hain has agreed to license the intellectual property associated with its noncore Rosetto brand of frozen Italian foods. Steven Sands, co-chairman of Frozen Foods Partners, will manage Rosetto Foods LLC. Frozen Foods Partners is a packaged consumer goods company that specializes in the production, distribution and marketing of frozen food products under the Gourmet Dining, La Sabrosa and Tru Earth brands. more

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