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
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
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.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
