Food Union buys Premia Foods’ ice cream business for €27m


- Last updated on GMT

Food Union owner Andrei Beshmelnitsky
Food Union owner Andrei Beshmelnitsky

Related tags Baltic sea Estonia Latvia

Latvia-based Food Union has agreed to buy the ice cream and frozen foods business of Estonia’s Premia Foods in a deal worth €27.1m, the company said on Monday.

“It is very strong and valuable brand in the Baltic region, and we will continue to develop it,”​ Food Union owner Andrei Beshmelnitsky said in a statement. “Premia Foods will bring new opportunities for continuous innovation and development of our broad and diverse product portfolio of ice cream.

"… Our goal is to raise a whole new level of production and consumption of ice cream in the Baltic region.”

The deal must now be agreed by Premia Foods shareholders at a meeting in three weeks’ time.

Related topics Manufacturers Ice Cream

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