Switzerland: Nestle and R&R Ice Cream form Froneri joint venture
Swiss food multinational Nestle and UK-based ice cream maker R&R have formally announced that a joint venture agreement between the two companies has now been agreed. The new company, called Froneri, is expected to report sales of 2.7 billion CHF ($2.81 billion) and will employ around 15,000 people. Speculation about a deal between Nestle and […]
UK: Nestle to merge ice cream business with R&R – reports
Swiss food giant Nestle is said to be in talks to form a joint venture to combine some of its ice cream businesses with R&R, Europe’s largest contract ice cream maker, Reuters reports. According to Reuters, the two companies are in discussions to form a 50/50 joint venture in a deal valued at £2.2 billion […]
South Africa: R&R Ice Cream acquires Nestle South Africa’s ice cream business
The British ice cream company R&R has announced the acquisition of the ice cream business of Nestle South Africa, in a move designed to increase its sales across the African continent. Nestle South Africa’s ice cream business includes brands such as Dairymaid, Country Fresh, Eskimo Pie and King Cone as well as Rolo and KitKat. The […]
Australia: Peters Ice Cream sold to R&R
Following recent speculation it has been confirmed that ice cream brand Peters Food Group Limited (Peters) is to be sold by Pacific Equity Partners (PEP). Peters, which is one of Australia’s oldest consumer businesses, has been sold to UK-based R&R Ice Cream plc (R&R) backed by funds advised by French private equity firm PAI Partners […]