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Dellia, which sells products under the Sunshine Delights brand, said the “review will consider a broad range of strategic and financial alternatives”.
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Glacier operates five factories in Europe and is backed by Davidson Kempner Capital Management and its partner Afendis Capital Management.
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Hyde Park Capital, which acted as the investment bank for the transaction, did not disclose the financial terms of the deal.
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The Aero Milkybar will be manufactured at Nestlé’s UK plant in York.
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The outperformance in international versus North American foods and drinks prompted one analyst to describe the scenario as “pretty stunning”.
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Lawyers for the plaintiffs said in a statement the meat processors had made the “proposed national settlements”.
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The changes affect business units with remits that have overlapped in Europe.
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SanLucar said the investment will “significantly expand” its operations in North America.
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