Ferrero to acquire stake in Spanish ice cream company | Progresiv
The Ferrero Group (“Ferrero”) announced a definitive agreement pursuant to which it will acquire a controlling stake in Ice Cream Factory Comaker (ICFC), a Spanish ice cream producer. 
As part of Ferrero’s commitment to satisfying consumers’ needs, Ferrero is constantly evaluating new opportunities in different product categories.
The Lamsfus family will remain shareholder of ICFC and Guillermo Lamsfus Bravo will continue to lead the business as Managing Director.
The transaction, subject to customary closing conditions and regulatory approvals, is expected to close by beginning of July 2019.
Ferrero began its story in the little town of Alba in Piedmont, Italy, in 1946. Today, with a consolidated turnover of over 10.7 billion euros, Ferrero is amongst the market leaders of the Sweet Packaged Foods market worldwide. The Ferrero Group is present with more than 40,000 people in 56 countries and 25 production plants around the world. Ferrero is the producer of many brand icons that are loved generation after generation, including Nutella®, Ferrero Rocher®, Tic Tac, Kinder Joy, Kinder Chocolate and Raffaello, which are present and sold in more than 170 countries. Product freshness and high quality, the careful selection of the finest raw materials, sustainable agricultural practices and continuous research and innovation are some of the key elements of Ferrero’s success.
Ice Cream Factory (ICFC) is a global food company that specializes in the designing and manufacturing of ice cream solutions with over 55 years of experience. ICFC is present in more than 15 countries worldwide leading the development of ice cream solutions in partnership with its clients. ICFC owns state-of-the-art facilities delivering an unparalleled product range that sets the bar within the industry at a global level. ICFC supports the greater community, employing over 700 professionals in two production plants (in Alzira, Spain and in Castel d’Ario, Italy). (www.icfc.es)
