Nestlé has agreed to sell its US ice cream business to Froneri, its ice cream manufacturing joint venture with PAI Partners, for $4 billion, as per the latest food acquisition news. The ice cream business being divested by Nestlé in the US manufactures ice cream brands such as Häagen-Dazs, Outshine, and Drumstick. The Swiss food […]
Froneri acquisition of Noga Ice Creams : Ice cream manufacturer Froneri has agreed to acquire Noga Ice Creams from Israeli food manufacturer and distributor Osem Group for an undisclosed price to foray into Israel. Osem Group is in turn owned by Nestlé which created Froneri as a joint venture with PAI Partners in 2016. Froneri […]
Froneri acquisition of Tip Top : Global ice cream manufacturer Froneri has agreed to acquire Tip Top, a New Zealand ice cream brand, from dairy giant Fonterra for NZ$380 million ($250.3 million). Founded in 1936, Tip Top came under the ownership of Fonterra in 2001 as part of its acquisition of Peter and Browne’s foods […]