R&R secures Italian acquisition

YORKSHIRE-based R&R Ice Cream has secured a major acquisition in Italy.

R&R Ice Cream has bought Eskigel for around 77m euros.

Founded in 1952, Eskigel is one of the biggest own label ice cream manufacturers in Italy.

It achieved net sales of 81m euros in the year to December 31 2011. Operating from a factory at Terni, north of Rome, Eskigel’s product range includes ice cream sticks, ice lollies, cones, mini-cups, tubs and ice cream sandwiches.

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Northallerton-based R&R, which is Europe’s largest private label ice cream manufacturer, employs 650 staff in Yorkshire, and 2,000 altogether at its sites in Germany, France, Poland and the UK.

James Lambert, the chief executive of R&R, said: “This acquisition fully utilises the bond issued in November 2010 giving R&R an immediate and major presence in Europe’s largest ice cream market.

“Eskigel has been instrumental in growing the own label ice cream sector in Italy and we intend to build on this strong position ensuring continuity to the business and to customers’ relationships.

“I am delighted that Stefania de Santis and Giuseppe Listanti have agreed to continue to manage the business as chairman and chief executive of Eskigel, together with the existing management team, and we look forward to a long and successful partnership.”

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