Breaking News on Dairy Processing & Markets

News > Manufacturers

Read more breaking news



R&R Ice Cream declines to comment on takeover reports

By Mark Astley , 28-Feb-2013
Last updated on 01-Mar-2013 at 13:21 GMT2013-03-01T13:21:21Z

R&R Ice Cream declines to comment on takeover reports

R&R Ice Cream – Europe’s largest private label ice cream manufacturer - has declined to comment on reports that it is on the verge of a takeover by French private equity firm, PAI Partners.

Sky News reported earlier today that Paris-based private equity firm PAI Partners is the current frontrunner in the race to acquire UK-based R&R Ice Cream from US investment firm Oaktree Capital Management.

The deal could be worth more than £700m ($1.1bn, €811m), the Sky News report added.

According to the Financial Times, Oaktree Capital is likely to be looking a deal closer to the €1bn ($1.3bn, £865m) mark.

As well as producing ice cream for the likes of Asda, Tesco, and French retailer Carrefour, Yorkshire-based R&R Ice Cream manufactures a number of well-known brands including Fab, Kelly’s Cornish ice cream, and Skinny Cow. approached R&R Ice Cream regarding the takeover rumours.

“We decline to comment,” said a spokesperson for R&R Ice Cream.

The London offices of Oaktree Capital Management, and PAI Partners were also contacted, but no reply was received from either prior to publication.

Key Industry Events


Access all events listing

Our events, Shows & Conferences...