R&R Ice Cream has signed a deal to buy a leading German-based ice cream maker. UK-based R&R said the agreement to acquire Durigon Gelato, for an undisclosed sum, had to be cleared by the German Federal Cartel Office. Durigon, which is based at Schwanewede-Brundorf near Bremen, has 70 staff and annual sales of around €20m.
The company manufactures ice cream tubs, sandwiches and other ice cream products for the private label market and also under the Durigon brand. R&R plans to invest in the Durigon factory and grow sales as part of a strategy to develop its private label business in Germany.
Dr Ibrahim Najafi, the Chief Executive of R&R Europe, said: “We are excited about the potential for Durigon through using the resource and experience of R&R to further develop a respected and long-standing family business.”
The acquisition is R&R’s second in a matter of months
following the purchase of French own label ice cream maker
Pilpa in September. R&R’s turnover is expected to increase from €500m to €600m next year.
NamNews - Monday 5th December 2011