The Bremerhaven-based FRoSTA is hoping to buy the distribution business and the trademark rights to the brands La Valle Degli Orti, Mare Fresco and Surgela in the Italian market.
In a statement issued Monday, FRoSTA said it is examining whether such an investment is beneficial for the company.
FRoSTA, which had an annual turnover of €440m ($465m) in 2015, has three production plants in Germany, and one in Poland, as well as offices throughout Europe.
Nestle Italiana SpA produces dairy products as well as packaged food, including frozen meals and confectionery.
Italy is the ninth biggest market for Nestlé in terms of turnover. Its Italian operations include 13 factories and more than 5,500 employees.