UK ice cream maker Richmond Foods has announced that it has made an agreement to acquire the entire issued share capital of Oldfields Ice Cream.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Sheffield-based Oldfields, which specialises in catering products and two-litre tubs of ice cream, reported pre-tax profit of £0.3m (US$0.5m) for 2002, on turnover of £5.4m, reported the Financial Times. At the end of 2002, the company had net assets of £2.6m.

Richmond is to buy the company for £3.95m in cash, with £0.15m deferred until November 2003 and £0.4m deferred until June 2004.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now