Unilever acquires Ingman Ice Cream
Unilever has agreed to acquire Ingman Ice Cream Oy Ab. Ingman is the major, enduring domestic ice cream producer in the Finnish market since Valio divested its ice cream production to Nestlé in 2004. The completion of the acquisition is contingent on securing approval from the relevant competition authorities.
Ingman has production facilities in Sibbo (Finland), Åhus (Sweden), Mazeikia (Lithuania) and Gomel (Belarus) and employs 700 staff. The company had approximately EUR 70 million in revenues in 2010 via direct sales through proprietary sales offices in Finland, Sweden, Estonia, Latvia, Lithuania and Belarus, and through international distributors.
Unilever was advised by Mannheimer Swartling in the transaction. The team handling the assignment was led by Isabella Ramsay, primarily assisted by Victoria Bagger-Sjöbäck and Henrik Dock; Claudia Wallman advised on intellectual property related issues, primarily assisted by Evelina Anttila. Castrén & Snellman supported with advice on Finnish law matters, including competition law, and Sorainen with regard to the laws of the Baltics and Belarus.