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Unilever Acquires Danish Ice Cream Business From TINE

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Unilever Acquires Danish Ice Cream Business From TINE

Unilever Acquires Danish Ice Cream Business From TINE
August 11
09:48 2010

Unilever is acquiring Diplom-Is, a Danish ice cream business, from TINE, the Norwegian dairy group, for an undisclosed price. Employing 30 people, Diplom-IS operates five local distribution centers in Denmark. TINE also owns and operates Diplom-Is in Norway and Sweden, which it is retaining.

Unilever is one of the leading players in the Danish ice cream market with a brand portfolio of well known brands such as Magnum, Cornetto and Carte d’Or. The food giant can trace its ice cream/frisko history in the country back to 1930.

“The acquisition enables Unilever to further strengthen its position in the Danish ice cream market. Diplom-Is has a strong position in the out-of-home segment such as amusement parks and ice cream bars, allowing Unilever to provide even greater offerings to customers and consumers,” says Jens Voldmester, country lead, Unilever Denmark.

Unilever recently disposed of its Italian frozen food business, Findus Italy, to Birds Eye Iglo, which is owned by private equity group Permira, for Eur805m.

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