Froneri, the global ice cream manufacturer, has announced an agreement to form a strategic partnership with Grupo Herdez, the Mexican food company, regarding its ice cream business in Mexico. The agreement will see the ice cream business that Grupo Herdez has operated under an exclusive license from Nestle since 2015 integrated into the strategic partnership. The partnership will be supported by a capital contribution from Froneri, which the company claims …
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Froneri, the ice cream joint venture of Nestle and R&R ice cream, has signed an agreement to acquire Food Union’s European ice cream business, covering all its markets in Denmark, Norway, Estonia, Latvia (excluding dairy), Lithuania and Romania. Food Union is a global food producer and distributor, managing six factories, over 25 brands and more than 1,000+ products, primarily in ice cream, dairy and frozen foods, across ,ore than 20 countries. Commenting …
Belgian biscuit and cake manufacturer Lotus Bakeries has announced a licensing agreement with ice cream specialist Froneri to accelerate the growth of its Lotus Biscoff brand in the US ice cream market. The partnership is set to operate as a sub-licence under an agreement reached between Mondelez International and Lotus Bakeries in 2024 covering Biscoff cookie production in India and the launch of chocolate products with the “signature flavour” of Lotus Biscoff Commenting on …
Leading frozen foods company Nomad Foods has entered into an agreement to acquire Findus Switzerland from Froneri, and intellectual property from an affiliate of Nestle, for approximately €110 million ($131 million). Findus is a leading frozen brand with a portfolio of products across categories such as fish, vegetables, and ready meals. The acquisition of Findus Switzerland will unify Nomad Foods’ ownership of the Findus brand across Europe, the company said. …
Froneri, the UK-based ice cream firm, has announced it is expanding into North America with the acquisition of the Nestle USA ice cream business for $4 billion. The deal would move Froneri “towards global leadership” in the ice cream category, the company said. The Nestle US ice cream brand portfolio includes Dreyer’s, Haagen-Daaz, Outshine, Skinny Cow, Edy’s, and Drumstick, in addition to the Nestle brand itself. The business unit employs …
Froneri, the UK ice cream manufacturer formed by the merger of the Nestle and R&R ice cream business, has announced its expansion into Israel with the acquisition of Noga Ice Creams, owned by Nestle-owned business Osem, one of the largest food manufacturers and distributors in Israel. Noga markets ice cream under brands including La Cremeria, Extreme, Cookilida, Crunch and Gumigum. Commenting on the news, Froneri CEO Ibrahim Najaf said: “We’re …
Froneri, the ice cream joint venture of Nestle and R&R ice cream, has announced it has agreed to acquire the New Zealand ice cream business Tip Top from global dairy co-operative Fonterra for 380 million NZD ($250 million). The Tip Top name and its operations, including the Auckland based factory site at Mount Wellington will be maintained as part of the deal, Froneri said. Tip Top offers single serve ice …
Froneri, the ice cream joint venture launched by Nestle and R&R Ice Cream in 2016, is to shut two production facilities in Greece and Italy, according to a report in JustFood. A plant located in Tavros, Greece and a second in Parma, Italy are set to be axed “as part of Froneri’s long-term growth strategy”, the company is quoted as saying, with production to be transferred to other facilities. Commenting on …
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 R&R first emerged last October, when it was reported that the two firms were in …
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