Nestlé and R&R completed the transaction to create Froneri, the new joint venture in ice cream, frozen food and chilled dairy. Froneri, which is the world’s third largest ice cream manufacturer, operates in 20 countries across the world, employing around 12,500 people. The group is headquartered in the UK and has sites primarily in Europe, the Middle East (excluding Israel), Argentina, Australia, Brazil, the Philippines and South Africa.
Froneri builds on the success of Nestlé’s strong brands and experience in ‘out of home distribution’ combined with R&R’s competitive manufacturing performance and significant presence in retail.
Froneri’s leadership team combines industry expertise and business acumen from across Nestlé and R&R. The company’s board of directors is chaired by Luis Cantarell, Nestlé’s Executive Vice President, Europe, Middle East and North Africa and its CEO is Ibrahim Najafi, formerly CEO of R&R.