Sector News

Unilever Buys Talenti Gelato & Sorbetto

December 3, 2014
Food & Drink
(RTTNews) – Anglo-Dutch consumer goods giant Unilever (UN: Quote,ULVR.L,UL: Quote) said Tuesday it has acquired Talenti Gelato & Sorbetto. Minneapolis-based Talenti, which was founded in 2003, has grown into the best selling packaged gelato in the United States, Unilever said. The financial terms of the deal were not disclosed.
 
Talenti is expected to have more than $120 million in turnover in 2014.
 
With its 30 gelato and sorbetto flavors – such as Sea Salt Caramel and Sicilian Pistachio – the Talenti acquisition brings a complementary packaged gelato portfolio to Unilever’s ice cream category, alongside the company’s existing iconic brands such as Ben & Jerry’s, Breyers, Fruttare, Good Humor , Klondike, Magnum and Popsicle.
 
“Welcoming Talenti to the Unilever family marks another step in our North America portfolio transformation,” said Kees Kruythoff, President of Unilever North America. “The acquisition widens Unilever’s position in the fast-growing gelato market with its artisanal offerings and its clear, distinct and recyclable packaging. We are looking forward to growing and developing this fantastic brand further.”

Related News

April 10, 2021

Crown agrees to sell its EMEA food packaging unit in €2.25bn deal

Food & Drink

Crown’s European Tinplate business is one of the largest manufacturers of steel and aluminium food packaging in Europe, operating 44 manufacturing facilities in 17 countries across Europe, the Middle East and Africa.

April 10, 2021

Nestlé opens new plant-based food production site in Malaysia

Food & Drink

The facility, which marks the first in ASEAN and second in Asia, will cater to the rising local demand for plant-based food, as well as exports. It joins the company’s plant-based food facility in Tianjin, China.

April 10, 2021

DSM invests $100m in launch of personalised nutrition company

Food & Drink

The newly-formed company seeks to disrupt the nutritional marketplace by creating brands that target various health conditions.

Send this to a friend