Nestle and R&R complete Froneri ice cream joint venture
Food giant Nestle and Britain's R&R Ice Cream have completed a transaction to create their new Foneri ice cream and frozen food joint venture, Nestle said on Monday.
"With sales of around 2.6 billion euros (2.27 billion pounds), Froneri will operate in 22 countries across the world, employing around 15,000 people," Froneri said on its website.
The 50/50 joint venture announced in April will combine Nestle and R&R ice cream businesses across Europe, the Middle East, Argentina, Australia, Brazil, the Philippines and South Africa.
It will also include Nestle's European frozen... read more
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