Done deal: Nestle acquires Dreyer's

Refrigerated & Frozen Foods, July, 2003

Nestle and Dreyer's Grand Ice Cream Inc. have united at long last. Federal Trade Commission officials voted unanimously to approve the deal, on the condition that the combined companies divest their Dreamery, Godiva and Whole Fruit sorbet brands and some distribution channels to CoolBrands International.

Said Nestle S.A.'s CEO Peter Brabeck, This innovative transaction completes the major moves made by Nestle to grow and improve our ice cream business worldwide and to become a co-leader in this promising sector. After acquiring Haagen-Dazs, Scholler and Movenpick, we have now realized our objective of becoming the leading player in the U.S.A., the world's largest ice cream market with the highest per capita consumption rate. The transaction concludes the acquisition...