As part of its ongoing portfolio review, Nestlé South Africa has announced the signing of an agreement to sell its ice cream business to R&R.
The divestment includes Nestlé’s ice cream manufacturing facility in Clayville and the transfer to R&R of all employees from Nestlé's ice-cream unit.
The agreement is subject to the approval of the South African competition authorities.
Read the press release on the Nestlé South Africa website.