Froneri Unlocks New Zealand & Pacific Region with Acquisition of Tip Top
Retrieved on:
Sunday, May 12, 2019
Froneri has today agreed to acquire the iconic New Zealand ice cream business Tip Top from global dairy co-operative Fonterra with completion expected by the end of the month.
Key Points:
- Froneri has today agreed to acquire the iconic New Zealand ice cream business Tip Top from global dairy co-operative Fonterra with completion expected by the end of the month.
- Commenting on the deal, Froneri CEO Ibrahim Najafi explains: We have always admired Tip Top, which is an iconic brand in New Zealand with a long proud history and we are looking forward to welcoming the team into Froneri.
- The Tip Top name and its operations, including the Auckland based factory site at Mount Wellington will be maintained.
- Froneri has confirmed that the Tip Top business will continue to be led by the existing management team.