Herdez Transfers Operational Control of Nestlé-Licensed Ice-Cream Business in Mexico to Froneri
Grupo Herdez has transferred operational control of its Nestlé-licensed ice-cream business in Mexico to Froneri, a joint venture between Nestlé and PAI Partners. The deal involves a 50-50 partnership, with Froneri providing capital support and full operational control, while Herdez will no longer consolidate the unit’s results in its financial statements. The transaction is part of Nestlé's broader strategy to focus on its Froneri joint venture.
Topics: Froneri Grupo Herdez ice-cream business joint venture Nestlé operational control