Nestlé And R&R Complete Transaction To Create Froneri Ice Cream Business

Nestlé and British firm R&R have completed the transaction to create Froneri, a new joint venture in ice cream, frozen food and chilled dairy.

The two firms agreed the tie-up earlier this year, creating a business with sales of around €2.6bn and operating in 22 countries.

A statement from the newly formed company said: “Froneri will build on the success of Nestlé’s strong brands and experience in ‘out of home distribution’ and R&R’s competitive manufacturing performance and significant presence in retail.

“Froneri’s leadership team combines industry expertise and business acumen from across Nestlé and R&R. The company’s board of directors is chaired by Luis Cantarell, Nestlé’s executive vice president, Europe, Middle East and North Africa and its CEO is Ibrahim Najafi, formerly CEO of R&R.”