Froneri to acquire Food Union’s European ice cream business

UK – Froneri has announced plans to acquire Food Union’s European ice cream operations, expanding its footprint across Northern and Eastern Europe.

The proposed transaction, which remains subject to regulatory approval, covers all of Food Union’s European ice cream markets – Denmark, Norway, Estonia, Latvia (excluding its dairy division), Lithuania and Romania – and is expected to close in the coming months.

Froneri’s CEO, Phil Griffin, said: “Food Union has built a portfolio of locally loved brands which we plan to invest in to further develop the significant potential of the business. We look forward to welcoming the Food Union team to Froneri to support our ambition to be the world’s best ice cream company.”

Food Union’s Latvian dairy operations are not included in the sale and will remain under existing ownership.

Following completion, Food Union’s existing management team will continue to lead the business. Froneri said the acquisition will unlock new growth opportunities and reinforce its commitment to delivering high-quality ice cream to consumers worldwide.

Food Union’s executive chairman, Soren Lauridsen, added: “Froneri is the global benchmark in ice cream, and we’re delighted that our loved brands have found a perfect home with a truly world-class leader”.

“Under Froneri’s stewardship, these brands will gain broader reach and the strengths of a global portfolio and capabilities, while preserving the local character and quality consumers love. We look forward to building the next chapter together.”

Froneri to acquire Uruguay-based ice cream producer CRUFI

In 2024, the company announced its acquisition of CRUFI, a renowned Uruguay-based family-owned company specializing in ice cream and frozen foods.

The deal, which received approval from the Uruguayan Commission for the Promotion and Defense of Competition on December 2, is expected to close by the end of the year, pending final terms of the acquisition agreement.

The move marks Froneri’s entry into the Uruguayan market as part of its strategy to strengthen its global footprint.

Froneri’s CEO, Phil Griffin, underscored the significance of the acquisition in advancing the company’s long-term vision.

Griffin further emphasized that CRUFI’s existing management team will remain in place, ensuring continuity and leveraging local expertise to drive growth.

He pointed out that CRUFI’s unique position in the Uruguayan market aligns with Froneri’s commitment to consumer-centric innovation.

Subscribe to receive our email newsletters with the latest news and insights from Africa, the Middle East and around the world. SUBSCRIBE HERE