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Article: Nestle takes over Dreyer's ice cream business to become dominant player in United States. (Ice Cream Scoops).(Brief Article)
- Article from:
- Quick Frozen Foods International
- Article date:
- July 1, 2002
CopyrightCOPYRIGHT 2002 E.W. Williams Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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It's being billed as a "merger" of Nestle's USA ice cream business into Dreyer's, but since Nestle will end up owning 67% of the "combined company," it's actually more a takeover of the American ice cream business by the Swiss conglomerate.
Dreyer's is the largest manufacturer and distributor of ice cream and ice cream products in the United States. It sells ice cream under the Dreyer's brand in 14 western states in the US and parts of Asia, and under the Edy's brand name elsewhere in North America. In addition, it distributes ice cream under the Dreamery, Starbucks and Godiva brands.
Sales for Dreyer's in 2001 were $1.402 billion while EBITDA (earnings ...