R&R Ranked World's Largest Private Label Ice Cream Maker
A boost in sales has seen UK-based ice cream maker R&R become the largest manufacturer to the private label market in the world.
R&R has been boosted by a sales rise of 23 per cent to hit €837 million last year, according to The Yorkshire Post.
The news comes after the company picked up businesses in Australia and Lancashire in the UK.
R&R enjoys market-leading shares in the UK, France, Italy, Germany and Australia on the back of a €310 million acquisition of rival Peter's Food Group in 2014.
In 2013, the group acquired Fredericks, the Italian-style ice cream company, for €57 million.
It's reported that R&R also refinanced €350 million worth of debt with a €315 million euro bond to substantially reduce interest costs.
The group is owned by French private equity giant, PAI Partners.
© 2015 European Supermarket Magazine – your source for the latest retail news.