Italian confectionery giant Ferrero has announced it is to acquire a controlling stake in Ice Cream Factory Comaker (ICFC), a Spanish ice cream manufacturer, for an undisclosed sum.

The Lamsfus family will remain shareholder of ICFC and Guillermo Lamsfus Bravo will continue to lead the business as managing director. The transaction, subject to customary closing conditions and regulatory approvals, is expected to close by the beginning of July.

ICFC is a global food company that specialises in the development and manufacturing of ice cream with over 55 years of experience.

The company is present in more than 15 countries and manufactures ice cream for customers on a white-label basis. It employs more than 700 people in two production plants (in Alzira, Spain and in Castel d’Ario, Italy). 

A Ferrero spokesperson said: “As part of Ferrero’s commitment to meet the needs of consumers, Ferrero is constantly evaluating new opportunities in different product categories.”

Last month the Kinder and Ferrero Rocher maker acquired Kellogg’s cookies and snacks brands for US1.3bn.

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By GlobalData