R & R Ice Cream
Brand
R & R Ice Cream is an ice cream manufacturer with its headquarters in Leeming Bar, North Yorkshire, England. It is the largest producer of ice cream in Europe by volume, and the second-largest in the world, after Unilever. It expanded by initiating consolidation in the fragmented European ice cream market.
The company was founded as Richmond Ice Cream in 1985, when Bedale farmer Jonathan Ropner acquired Cardosi, a Thornaby ice cream manufacturer. Cardosi had £40,000 of ice cream manufacturing equipment, and had offered itself up for sale. Ropner asked his friend James Lambert to run the company. Lambert claimed that the pair knew "nothing" about ice cream manufacturing. The company initially had just five employees. In 1987, the company's first major success occurred when it won a contract to manufacture own-label ice cream for supermarket chain Morrisons, which had 45 stores at the time. The company acquired Windsor Creameries from Trevor Hemmings in 1994. In return, Hemmings gained a 40% stake in Richmond.
Subject ID: 21831
MoreR & R Ice Cream is an ice cream manufacturer with its headquarters in Leeming Bar, North Yorkshire, England. It is the largest producer of ice cream in Europe by volume, and the second-largest in the world, after Unilever. It expanded by initiating consolidation in the fragmented European ice cream market.
The company was founded as Richmond Ice Cream in 1985, when Bedale farmer Jonathan Ropner acquired Cardosi, a Thornaby ice cream manufacturer. Cardosi had £40,000 of ice cream manufacturing equipment, and had offered itself up for sale. Ropner asked his friend James Lambert to run the company. Lambert claimed that the pair knew "nothing" about ice cream manufacturing. The company initially had just five employees. In 1987, the company's first major success occurred when it won a contract to manufacture own-label ice cream for supermarket chain Morrisons, which had 45 stores at the time. The company acquired Windsor Creameries from Trevor Hemmings in 1994. In return, Hemmings gained a 40% stake in Richmond.
In 1997, Richmond completed a reverse takeover of the publicly listed ice lolly manufacturer Treats Group, based in Leeds, which gave them the Crossgates site and far greater leverage in negotiations with supermarkets. The deal meant that the newly formed entity was publicly listed. Allied Frozen Foods was acquired from Associated British Foods in 2000. It acquired Nestle's loss-making UK ice cream business, Lyons Maid, including FAB, in 2001.
On 5 May 2006, Richmond Foods announced that it was to be taken over by Oaktree Capital Management, which merged the company with Roncadin, the largest German own-brand label ice cream manufacturer, to make the largest ice cream manufacturer in Europe. The company is now known as R&R Ice Cream. In 2008, it acquired Cornish ice cream producer Kelly's, followed by French business Rolland in 2010.
In April 2013, R&R was acquired by the French private equity firm PAI Partners for £715 million.
Subject ID: 21831
Subject ID: 21831
