Bakkavör gets into frozen foods

REYKJAVIK: Bakkavör Group has bought Italpizza, an Italian fresh and frozen pizza manufacturer, in its first major step into frozen foods. Bakkavör said the acquisition would have a significant effect on turnover and profit in the group's continental European operations and that it expected sales growth of 15% this year. The group has also acquired a 45% share in Hong Kong's leading producer of premium bakery and pastry products, La Rose Noire, which supplies Chinese retailers and exports to New Zealand, Thailand, India, the US and Dubai.