Following the fulfillment of all formal requirements, Nestlé and R&R have agreed to form FRONERI, a new joint venture in the ice cream, frozen treats, and frozen dairy desserts industry. Nestlé and PAI Partners hold equal stakes in the venture.

Scope and scale of the new company

FRONERI, a new joint venture based in the UK, will be present in Europe (including Poland), the Middle East (except Israel), Argentina, Australia, Brazil, the Philippines, and South Africa. According to plans, the ice cream joint venture will operate in over 20 countries and employ 15,000 people. The estimated sales of the company's products are around EUR 2.6 billion.

What each partner brings

FRONERI will draw on the complementary expertise of both companies, strong brand positions, Nestlé’s distribution experience in "out-of-home" channels, and R&R Group’s competitive production model and significant presence in retail.

FRONERI leadership

FRONERI will build its position on the industry and business experience guaranteed by Nestlé and R&R. Luis Cantarell, Nestlé’s Vice President for Europe, North Africa, and the Middle East, will chair the Supervisory Board, while Ibrahim Nafij, former CEO of R&R, will serve as CEO.

Summary

The new joint venture FRONERI, headquartered in the UK, will combine the strengths of Nestlé and R&R, which hold equal stakes. Its operations will span over 20 countries — Europe (including Poland), the Middle East (excluding Israel), Argentina, Australia, Brazil, the Philippines, and South Africa. Employment will reach 15,000 people, with estimated sales of around EUR 2.6 billion.

The initiative relies on complementary competencies: Nestlé contributes brands and out-of-home distribution, while the R&R Group brings a competitive production model and strong retail presence. Luis Cantarell will chair the Supervisory Board, and Ibrahim Nafij will serve as CEO.