R&R Ice Cream has confirmed the acquisition of France’s third-largest ice-cream maker Rolland for an undisclosed sum.
UK firm R&R has an annual turnover of over EUR400m (US$485.6m) and said the Rolland deal, first reported on just-food in April, should increase this figure to over EUR500m.
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The deal will see the formation of the second-largest ice cream manufacturer by supermarket sales in the UK, Germany and France, the company claimed.
The acquisition, which requires competition approval, will see R&R take control of Rolland’s two manufacturing facilities at Plouédern in Brittany and in the Poitou Charente region.
The business has 520 employees and produces 65m litres of branded, private-label and licensed ice cream products annually. Rolland supplies private-label products to Carrefour, Metro Group, E. Leclerc and Tesco.
R&R CEO James Lambert said the move would allow the company to expand its reach in continental Europe.
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By GlobalData“This acquisition marks an important stage in our strategy to grow our company on mainland Europe. The ice cream manufacturing sector continues to consolidate. This period of consolidation within the industry will also result in further growth opportunities and I fully expect to be announcing more acquisitions soon,” he said.
