Nestlé on Dec. 11 said it had agreed to sell its U.S. ice cream business to Froneri, its joint venture with private equity group PAI Partners, for $4 billion.In 2016, Nestlé and PAI Partners merged the Swiss consumer group’s European ice cream business in 20 countries and PAI-owned R&R to create Froneri, one of the world’s largest ice cream companies.
The transaction is expected to close in the first quarter of 2020. Nestlé said it will continue to manage its remaining ice cream businesses in Canada, Latin America and Asia.
Reuters dasha_reuters None of these have near the profit margin of THE GREAT LAKES WATER 💧 THEY STEAL!!!!!!!!!IT took a boycott of THIRTY YEARS to get them to stop KILLING BABIES in the 60’s and 70’s with their deadly infant formula pushed RIGHT IN THE MATERNITY WARDS.
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