Nestlé, Swiss food and beverage producer, has completed the disposal of its non-core assets with the sale of Eismann, its last significant distribution business, in a management buy-out backed by two private equity houses.

The majority of Eismann, a European home delivery company with annual sales of Sfr750m (€487.9m), was sold to Equity Capital Management, a Frankfurt-based mid-market buy-out firm and Parcom Ventures, a €1bn evergreen group owned by Dutch bank ING that has been active in Germany for eight years.