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February 2, 2004

UK: Richmond Foods to acquire De Roma Ice Cream

UK ice cream maker Richmond Foods has announced that it has entered into an agreement to acquire De Roma Ice Cream, which went into administration in December 2003.

UK ice cream maker Richmond Foods has announced that it has entered into an agreement to acquire De Roma Ice Cream, which went into administration in December 2003.

Richmond said it would pay £3.4m (US$6.2m) in cash for the business, including fixed assets, stock and certain related finance leases, of De Roma, a Wigan-based manufacturer of private label ice cream products, including choc ices, cones and lollipops, for the major retailers.

“I am delighted at the opportunity to acquire the De Roma business which will help move Richmond forward towards achieving our strategic goal of being the number one supplier of ice cream in the UK,” said Richmond CEO James Lambert.

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Free Report
img

How is technology having an impact on Consumer buying behavior?

As the world rapidly becomes more connected, it is important for brands to understand the impact that improved technology is having on consumer purchasing behaviors. To react effectively, brands must know how to engage with increasingly digitally savvy consumers. GlobalData’s latest Trend Tracker report provides an analysis of Digital Lifestyles – one of GlobalData's top consumer trends for 2022. The report includes an overview of how digital lifestyles are evolving, including the significant impact that the COVID-19 pandemic had on accelerating digitalization, and how this trend is emerging across different Consumer sectors. Key features included in the report:
  • A breakdown of the trend’s prominence across sectors
  • Insights into consumer online penetration, preferred electronic devices and engagement
  • The key drivers and challenges impacting the digital lifestyles trend
  • A spotlight on key innovations set to reshape the consumer landscape
  • Analysis of what’s next for digital innovations and how brands can leverage the trend
Download this report to keep in touch with the more digital consumer.
by GlobalData
Enter your details here to receive your free Report.

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