M&A Deal Summary

Froneri Acquires Nestlé S.A. - USA Ice Cream Business

On December 11, 2019, Froneri acquired food company Nestlé S.A. - USA Ice Cream Business from Nestlé for 4.0B USD

Acquisition Highlights
  • This is Froneri’s 3rd transaction in the Food sector.
  • This is Froneri’s largest (disclosed) transaction.
  • This is Froneri’s 1st transaction in the United States.

M&A Deal Summary
Date 2019-12-11
Target Nestlé S.A. - USA Ice Cream Business
Sector Food
Buyer(s) Froneri
Sellers(s) Nestlé
Deal Type Divestiture
Deal Value 4.0B USD

Target

Nestlé S.A. - USA Ice Cream Business

United States
Nestlé S.A. - USA Ice Cream Business is a manufacturer of ice creams with brands including Dreyer’s, Häagen-Daaz, Outshine, Skinny Cow, Edy’s, Nestlé Ice Cream and Drumstick.

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Buyer(S) 1

Buyer

Froneri

North Yorkshire, United Kingdom

website

Category Company
Founded 2016
Sector Food
DESCRIPTION

Froneri is an ice cream manufacturer in Europe. The Company manufactures a broad range of primarily private-label ice cream products across the UK, France, Italy, and Germany. Froneri was founded in 2016 and is based in North Yorkshire, England.

DEAL STATS #
Overall 3 of 3
Sector (Food) 3 of 3
Type (Divestiture) 2 of 2
Country (United States) 1 of 1
Year (2019) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 Tip Top

Auckland, New Zealand

Tip Top engages in the production and distribution of ice creams. Tip Top offers ice cream bars, jelly tips, choco bars, chilled products, ice cream tubs, and scoops. It sells its products through retailers and scoop shops in New Zealand.

Buy $380M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 Froneri International - Frozen Foods

St Gallen, Switzerland

Froneri International Ltd. - Frozen Foods is a frozen food brand that provides ice creams based in St Gallen, Switzerland.

Sell -

Seller(S) 1

SELLER

Nestlé

Vevey, Switzerland

website

Category Company
Founded 1866
Sector Food
Employees276,000
Revenue 92.9B CHF (2019)
DESCRIPTION

Nestlé is a large food, beverage, and consumer products company. The Company has more than 2000 brands amongst its portfolio and operates globally. Nestlé was originally established in 1866 and is based in Vevey, Switzerland.

DEAL STATS #
Overall 17 of 20
Sector (Food) 10 of 11
Type (Divestiture) 14 of 17
Country (United States) 6 of 7
Year (2019) 2 of 2
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 Galderma

Zug, Switzerland

Galderma is a global skincare company offering a range of medical and consumer skin health solutions through three business units; aesthetics and prescription and consumer health. Galderma was founded in 1981 and is based in Zug, Switzerland.

Sell Fr.10.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 Zenpep

Parsippany, New Jersey, United States

ZENPEP is a prescription medicine for people who cannot digest food normally because their pancreas does not make enough enzymes. ZENPEP helps bodies use fats, proteins, and sugars from food. ZENPEP contains a mixture of digestive enzymes (lipases, proteases, and amylases) from pig pancreas.

Buy -
Mergr

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