Unilever is set to buy Finnish firm Ingman Ice Cream for an undisclosed sum.

Ingman Ice Cream has production facilities in Finland, Sweden, Lithuania and Belarus. In 2010, the company’s brands generated annual sales of EUR70m (US$96.3m).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

A spokesperson for Unilever said: “The Ingman brands enjoy strong consumer recognition, offer significant growth potential and have an excellent fit with our existing business.”

He added: “Ice cream is a strategic category and a key growth driver for Unilever.”

The acquisition is subject to regulatory approval but Unilever expects it to be complete at the beginning of 2012.

Ice cream is the remaining food interests of family-run investment company Ingman Group. The family sold its wider dairy operations in 2008 to Arla Foods.

GlobalData Strategic Intelligence

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

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now