date:Jul 03, 2012
Under terms of the transaction, Pacific Equity will acquire such brands as Peters, Original, Light Creamy, Billabong, Frosty Fruits and Monaco Bar, as well as a long-term license to market and sell Nestle ice cream brands, including Drumstick, Heaven, Maxibon, Skinny Cow and Milo Scoop Shake, in Australia.
We have reviewed our broad range of businesses in Australia and decided to sell Peters Ice Cream with a view to focusing our portfolio, said Graham Campbell, managing director for Nestle Aust