United Fresh Supports Passage of Farm Workforce Modernization Act
The United Fresh Produce Association applauds passage of the bipartisan Farm Workforce Modernization Act approved by the House of Representatives on December 11 by a vote of 260 to 165.
“For too long, the fresh produce industry has suffered under a system that fails to meet the labor needs of our industry,” said United Fresh Produce Association President and Chief Executive Officer Tom Stenzel. “Passage of this legislation represents an important step in ending decades of uncertainty for growers of fresh fruits and vegetables. I’d like to personally thank Chairwoman Zoe Lofgren (D-CA) and Congressman Dan Newhouse (R-WA) who spearheaded the bipartisan negotiations that led to this agreement. United Fresh looks forward to similarly working with bipartisan members in the Senate to build on the work of their House colleagues and craft legislation that deserves our support.”
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For more information, contact Robert Guenther, United Fresh’s Senior Vice President of Public Policy, at 202.303.3409 or rguenther@unitedfresh.org
Nestlé Moves to Create Global Leader in Ice Cream
Nestlé announced today that it has reached an agreement to sell its U.S. ice cream business to Froneri, an ice cream-focused joint venture Nestlé created in 2016 with PAI Partners, for a transaction value of USD 4 billion.
In 2016, Nestlé and PAI Partners merged Nestlé’s European ice cream business in 20 countries and PAI-owned R&R to create Froneri, one of the world’s largest ice cream companies.
With a portfolio of iconic brands, unparalleled ice cream knowledge and focus as well as an agile and entrepreneurial management style, Froneri has been able to achieve rapid sales and profit growth, steadily gaining market share and reaching a turnover of around CHF 2.9 billion in 2018.
Froneri, which already had operations in Europe, Latin America, Africa and Asia-Pacific will now have a strong presence in the U.S., the largest ice cream market in the world. The recent acquisitions of TipTop in New Zealand and Nestlé’s ice cream business in Israel have also increased Froneri’s growing global footprint.
Nestlé USA’s successful ice cream business comes with a high-caliber management team, marketing, manufacturing and sales/distribution capabilities. In 2018, turnover was USD 1.8 billion. With brands like Häagen-Dazs, Drumstick and Outshine, the business commands leadership in key ice cream categories, notably super premium.
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Commenting on the transaction, Mark Schneider, Nestlé CEO, said: “The creation of Froneri has been a phenomenal success. We are now making this business our global strategic partner in ice cream and are convinced that Froneri’s successful business model can be extended to the U.S. market. With this transaction, we are taking a decisive step towards our goal of achieving global leadership in ice cream.”
Ibrahim Najafi, Froneri CEO, said: “This is another milestone acquisition for Froneri as we drive towards becoming the world’s best ice cream company. We’re delighted to be bringing such well-loved U.S. brands into the Froneri family. The acquisition is testament to the strength and longevity of our relationship with Nestlé. This partnership and the continued support of PAI Partners will be essential to ensuring we continue to delight consumers with innovative, high quality products in all markets.”
Frédéric Stévenin, Partner at PAI Partners, said: “We are excited to bring Nestlé’s stellar U.S. ice cream business to Froneri. This is a great opportunity for further growth, building on the expertise of the world’s leading pure-play ice cream company.”
The transaction is expected to close in the first quarter of 2020, following the completion of customary regulatory approvals. Nestlé will continue to manage its remaining ice cream businesses in Canada, Latin America and Asia as part of its current market structure.
New Brand Brings Frozen Party Bites to Market
Savorly has launched a line of fresh frozen party bites to 200 stores including The Fresh Market, select Whole Foods, and Central Market. The brand, which launched earlier this year, is excited to have availability in cities across the United States just in time for the hectic holiday season.
“It feels like just as the final dish has been cleaned from Thanksgiving, the holiday parties begin,” said David Golib, Savorly co-Founder. “Savorly is a perfect shortcut that hosts can take to get a delicious, quality appetizer on the table fast. We’re excited to see how our brand will bring this new experience to the consumers this holiday season”
The brand’s line of appetizers includes Mini Tarts, Cocktail Bites, Mini Pies, Mezze Bites and two varieties of bite-sized gratins. Savorly party bites and gratins made with carefully considered, non-GMO ingredients before being frozen for convenience and freshness.
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Because most varieties come in assorted flavors, Savorly party bites are ideal for gatherings of any size: from the traditional holiday open house to a cozy New Year’s Eve in. Ringing in 2020 will be a big opportunity for the brand as seven in 10 Gen Zers and Millennials reported wanting to celebrate the holiday at home.
“We created a brand to resonate with hosts at any age.” Gotlib said. “Hosts like my mom, who are experienced but maybe don’t want to do all that work anymore, and hosts like me, not super experienced, but looking for the help I need to start somewhere.”