Osem, Nestlé's Israeli subsidiary, today announced that it agreed to sell its Noga ice cream business in Israel to Froneri. The decision completes the transition of Nestlé Europe, Middle East & North Africa (EMENA) ice cream businesses into Froneri, a joint venture set up in 2016 between Nestlé and R&R.
Marco Settembri, CEO Zone Europe, Middle East and North Africa, Nestlé commented: "With its continued growth and global prominence in the ice cream market, Froneri’s success speaks for itself. This milestone deal marks the final stage of the transition of our EMENA ice cream business into Froneri, further strengthening its presence in the region."
Read the full press release (pdf, 70Kb)