Nestle in talks with R&R to create ice cream joint venture in selected geographies

摘要

Nestle and R&R, a leading European ice cream company based in the UK, are in advanced discussions to set up a new joint venture covering ice cream based mainly in Europe and Africa. The proposed joint venture will capitalise on the complementary strengths and innovation expertise of the two companies. It will combine Nestle's strong and successful brands and experience in 'out-of-home' distribution with R&R's competitive manufacturing model and significant presence in retail. Nestle CEO Paul Bulcke: "We are pleased to be in talks with R&R and its owner PAI Partners. We have a long-standing relationship with R&R. Combining the capabilities of our two companies in this way would offer an exciting opportunity for future growth in a dynamic category." Nestle would contribute its ice cream businesses in Europe, Egypt, the Philippines, Brazil and Argentina to the new joint venture. It would also transfer its European frozen food businesses, excluding pizza. R&R Group would join the new joint venture in its entirety.