Canadian frozen dessert company CoolBrands International has said it has acquired a majority stake in US frozen dessert maker Americana Foods,
Go deeper with GlobalData
CoolBrands said it acquired a 50.1% stake in Dallas-based Americana Foods, which supplies frozen desserts such as ice cream, sorbets and frozen yoghurt to retailers, food companies and restaurant chains.
“Today’s deal brings us one of the best production facilities for frozen desserts in the US. It allows us to do more under one roof and one management,” CoolBrands president and co-chief executive David Stein told Reuters.
“This acquisition complements our recent acquisition from Nestlé of the Haagen-Dazs distribution system and positions CoolBrands as the third-largest ice cream company in the US,” Stein added.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
