Swiss food giant Nestlé has completed its US$2.5bn takeover of US ice cream firm Dreyer’s Grand Ice Cream.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Nestlé now owns around 67% of the stock of Dreyer’s Holdings, a new public company that holds the US frozen dessert business of both Dreyer’s and Nestlé.

Alberto Romaneschi is to become chief financial officer at Dreyer’s Holdings, while Timothy Kahn, former chief financial officer of Dreyer’s, is to be chief operating officer and will also be in charge of integration, reported Reuters.

In order to gain regulatory approval for the takeover, Nestlé agreed to divest the Dreamery, Godiva and Whole Fruit brands as well as some distribution assets.

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 - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now