Main points
- The world's largest food company is planning to sell its ice cream business to streamline its operations.
- The decision to sell comes amid a security incident and a desire to focus on coffee, food and pet care.
A well-known company will no longer produce ice cream / Collage by Channel 24, photo by Pexels, Nestlé
The world's largest food and beverage company said it is selling its remaining ice cream business as it seeks to simplify its operations.
Who wouldn't make ice cream?
Nestlé, which previously faced an incident due to a safety problem with the bacterium Bacillus cereus, has abandoned production, writes CNN.
The unit, which includes brands such as Häagen-Dazs and Drumstick, is valued at just under $1.3 billion. Nestlé plans to sell the brands to British company Froneri within the next year but remain in the joint venture.
The move comes as the maker of Nespresso and KitKat bars seeks to boost sales and streamline its sprawling operations under a new CEO.
In its annual earnings report, Nestlé said it would focus on its businesses with:
- coffee production;
- pet care;
- food and snack production.
Nestlé's six ice cream brands distract from the rest of its portfolio, which includes cereals, coffee, confectionery and frozen foods, among other things.
– the publication writes.
Previous Nestlé incident
In early January, it became known that Nestlé in Ukraine was recalling some of the imported infant formulas of the NAN and NESTOGEN brands, a press release reported.
During the investigation, it was found that one of the ingredients from the supplier may not have met quality requirements. This could theoretically have led to the appearance in some mixtures of the substance cereulide, which is sometimes produced by certain bacteria Bacillus cereus. It causes food poisoning.
At the same time, the company explained that all these actions are precautionary in nature. No cases of harm to health have been recorded.
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