The acquisition resulted in more than 2,300 people across the United States and sales of $1.8 billion in 2018. The U.S. ice cream market grew by more than 4% in value driven by snacks, super premium and priced. Froneri increased its market share by 1.2% through June 2022 thanks to investments in production, marketing and quality, and the strength of its portfolio of A-brands, including the launch of Mondelēz this year . Dreyer’s still employs over 2,400 people and its integration into Froneri is in progress. According to Froneri’s mid-year update released September 29, the US transition to Froneri systems should be completed before the end of the year.
“The integration of the US business is progressing with significant investments in factories, product innovation and marketing investments generating good sales and market share gains,” the report said.
Froneri’s purchase of Nestle The United States followed the company’s acquisition of Tip Top Ice Cream in New Zealand in May 2019 and Noga Ice Creams in Israel in July 2019, which allowed the company to access these markets for the first time.
Froneri is now the second largest ice cream manufacturer and the largest private label producer in the world. The company operates in 23 countries with an annual turnover of more than four billion euros and more than 12,000 employees worldwide, according to www.froneri.com.