European deal for R&R
R&R Ice Cream has struck a deal to buy German ice cream business Durigon Gelato.
The deal, which is conditional on clearance from the German Federal Cartel Office, is part of R&R's plans to develop its private label business in Germany.
R&R plans to invest in the Durigon factory and said Durigon brand will be retained and complements the existing portfolio of R&R brands.
Based at Schwanewede-Brundorf near Bremen with 70 employees, Durigon – which posted sales in 2010 of €20m - manufactures tubs, sandwiches and other ice cream products for the private label market and also under the Durigon brand.
Werner Durigon, who will continue as managing director of Durigon, said: "I am pleased that our family's and employees' long association with Durigon will continue within the R&R group and look forward to strong future growth in our factory at Schwanewede."
Dr Ibrahim Najafi, chief executive of R&R Europe, added: "I am delighted that Werner and Daniel Durigon will stay with the business and join the R&R team.
"We are excited about the potential for Durigon through using the resource and experience of R&R to further develop a respected and long-standing family business."
