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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Grupo Herdez
MegaMex Foods, a Mexican food joint venture of Herdez and Hormel Foods, has announced a new licensing agreement with UTZ Quality Foods to manufacture, market and distribute Herdez branded tortilla chips and pork rinds to retailers in the US. According to the company, the partnership between MegaMex Foods and UTZ will speed up the entry of Hispanic snacks into the US market. The agreement will bring a number of varieties …
Grupo Herdez, a leading producer of shelf-stable foods and frozen yogurt in Mexico, has signed an agreement to acquire the ice-cream business of Nestle Mexico (Helados Nestle) for Ps. 1.0 billion ($67 million). The acquisition includes an ice cream manufacturing facility in Lagos de Moreno, Jalisco, distribution equipment and freezers, as well as an exclusive long-term license to market and sell Nestle’s ice cream brands in Mexico. Under terms of …
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