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Nestlé S.A., Switzerland, and R&R Ice Cream, a European ice cream processor, completed the transaction to create Froneri, a new joint venture in ice cream, frozen food and chilled dairy.
Nestlé S.A., Switzerland, and R&R, a UK-based ice cream processor, created Froneri, a joint venture that employs about 15,000 people in over 20 countries.
UK’s R&R Ice Cream and Nestlé S.A., Switzerland, are in advanced discussions to set up a new joint venture covering ice cream based in Europe and Africa.