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Froneri to buy Food Union’s ice cream units in six European countries, creating a new independent entity.
Froneri has agreed to acquire Food Union’s ice cream business across several European countries, including Latvia, Estonia, Lithuania, Romania, Denmark, and Norway, excluding dairy operations.
The deal, pending regulatory approval, will separate the ice cream division into a new independent entity in Latvia, retaining local brands like Pols, Tio, Ekselence, Karlsons, and Alpin.
Existing management will remain, and the brands will gain access to Froneri’s global resources while preserving their local identity.
The transaction does not disclose financial terms and is expected to close in the coming months.
Food Union’s dairy operations remain unaffected.
Froneri comprará las unidades de helado de Food Union en seis países europeos, creando así una nueva entidad independiente.