UK’s R&R Ice Cream, owned by funds controlled by PAI Partners, France, and Nestlé S.A., Switzerland, are in advanced discussions to set up a new joint venture covering ice cream based in Europe and Africa. The proposed joint venture will capitalize on the strengths and innovation expertise of the two companies.
Unilever USA, Englewood Cliffs, N.Y., acquired the premium Italian gelato business, GROM. The GROM acquisition will strengthen Unilever’s ice cream portfolio and help to further capitalize on the growth of the premium gelato market.
After a listeria outbreak at Blue Bell Creameries production facilities forced a national recall, the company said Monday it will begin distributing ice cream to select markets on Aug. 31.
Blue Bell Creameries trucks filled with ice cream were spotted on the road for the first time in months after a listeria contamination halted production and forced a nationwide recall.
An investment up to $125 million from prominent Texas businessman Sid Bass lent to Blue Bell Creameries is necessary for the company to remain in business, according to the Associated Press.