London / UK. (fnr) Swiss Nestle S.A. and R+R Ice Cream PLC have completed the transaction to create «Froneri», a new joint venture in ice cream, frozen food and chilled dairy. As announced in April 2016 and October 2015, Froneri will combine Nestle and R+R’s ice cream activities in Europe, the Middle East (excluding Israel), Argentina, Australia, Brazil, the Philippines and South Africa. Froneri will also include Nestlé’s European frozen food business (excluding pizza and retail frozen food in Italy), as well as its chilled dairy business in the Philippines.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Ferrero: opens new production facility in Illinois
- HungryPanda: Raises 55 Million to Accelerate Growth
- McCormick: Reports Third Quarter 2024 Performance
- Subway Sandwiches: Continues to Expand Its Global Presence
- Nissin Foods: Acquires Frozen Food Manufacturer ABC Pastry
- SnackFutures Ventures: makes investment in Doughnut Start-Up
- PepsiCo: To Acquire Siete Foods For 1.2 Billion
- Europastry S.A.: goes public on the Spanish stock exchange
- Insomnia Cookies: Reaches 300 Store Locations Globally
- Reborn Coffee: Announces Joint Venture in Thailand
- Campbell: Launches Next Chapter of Growth
- Mondelez: to acquire a majority stake in Evirth
- Syngenta Group: Reports H1-2024 Earnings
- General Mills: Reports Fiscal 2025 First-quarter Result
- Pret A Manger: Sales rise 10 percent in H1-2024
- General Mills: Sells Its North American Yogurt Business
- HSA Group: acquires majority stake in Bisco-Misr
- One Rock Capital: Plans Acquisition of Europe Snacks
- T.Hasegawa acquires Abelei Flavors
- AB Foods: announces H2-2024 Trading Update
