M&A Deal Summary

Nestlé Acquires Dreyer’s Grand Ice Cream

On June 26, 2003, Nestlé acquired food company Dreyer’s Grand Ice Cream

Acquisition Highlights
  • This is Nestlé’s 2nd transaction in the Food sector.
  • This is Nestlé’s 3rd transaction in the United States.
  • This is Nestlé’s 1st transaction in California.

M&A Deal Summary
Date 2003-06-26
Target Dreyer’s Grand Ice Cream
Sector Food
Buyer(s) Nestlé
Deal Type Add-on Acquisition

Target

Dreyer’s Grand Ice Cream

Oakland, California, United States
Dreyer's Grand Ice Cream Holdings, Inc. manufactures and distributes ice cream and frozen dessert products.

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Buyer(S) 1

Buyer

Nestlé

Vevey, Switzerland
Category Company
Founded 1866
Sector Food
Employees270,000
Revenue 93.4B CHF (2023)
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 4 of 21
Sector (Food) 2 of 9
Type (Add-on Acquisition) 4 of 15
State (California) 1 of 4
Country (United States) 3 of 14
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-25 Alcon

Fort Worth, Texas, United States

Alcon, Inc. is an eye care company that researches, develops, manufactures and markets pharmaceuticals, surgical equipment and devices, contacts lens solutions and other vision care products that treat diseases, disorders and other conditions of the eye. Alcon is located in Fort Worth, Texas and was formed in 1945.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-17 Nestlé - Dairy Business

Turkey

Nestlé Dairy Business engages in fresh dairy products includes the UHT milk business of Nestlé.

Sell -
Mergr

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