COOLBRANDS TO ACQUIRE DREYER'S AND NESTLE ASSETS
By Adnews Staff
Coolbrands International of Markham, ON is set to acquire a number of ice cream and distribution assets from Dreyer's Grand Ice Cream and Nestle Ice Cream Company. Coolbrand subsidiary Integrated Brands will purchase Dreyer's Dreamery and Whole Fruit Sorbet brands as well as the Godiva ice cream brand and Nestle's frozen dessert distribution assets in several states. The Godiva purchase remains subject to the receipt of third-party consents. According to Dreyer's and Nestle, they have formed the agreement with Coolbrands in response to concerns from the Federal Trade Commission about a separate deal that is taking place between Dryer's and Nestle.
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