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R&R Ranked World's Largest Private Label Ice Cream Maker

Published on May 8 2015 2:50 PM in Private Label tagged: private label / Ice Cream / R&R

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.

 

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