Nestle makes strategic move to create global leader in ice cream

摘要

Nestle recently announced that it has sold its U.S. ice cream business to Froneri, an ice cream-focused joint venture Nestle created in 2016 with PAI Partners, for a transaction value of USD 4 billion. In 2016, Nestle and PAI Partners merged Nestle's European ice cream business in 20 countries and PAI-owned R&R to create Froneri, one of the world's largest ice cream companies.