PP_1170x120_10-25-21

Froneri

Nestlé makes strategic move to create global leader in ice cream

Nestlé makes strategic move to create global leader in ice cream

VEVEY, Switzerland — Nestlé announced Wednesday that it has reached an agreement to sell its U.S. ice cream business to Froneri, an ice cream-focused joint venture Nestlé created in 2016 with PAI Partners, for a transaction value of USD $4 billion. In 2016, Nestlé and PAI Partners merged Nestlé’s European ice cream business in 20