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R&R Ice Cream scoops up Fredericks Dairies

9th April 2013


FAMILY-owned ice cream maker Fredericks Dairies has been sold for £49m to R&R Ice Cream, the pan-European Yorkshire-based group.

Skelmersdale-based Fredericks, which makes ice creams and lollies for major food brands including Cadbury, Del Monte and Britvic, and was the sole supplier to the 2012 London Olympics. Last year sales were £45m.

Vendors Frank and Phillip Frederick were advised by Stuart Moss and Neil Mitchell of Manchester-based corporate finance firm Rickitt Mitchell and Danny Hall and Alis......for the full story register now for free or login below...

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I agree with Mr Tomlinson that the Banks are still not assisting businesses to grow out of the deep recession we are in. They have taken the umbrella away when it started to rain, is how only we can define their attitude. They were the cause for the decline in economy for their misbehaviour and continue to be reason for being stuck in the quagmire. We are about to begin construction on our third 30m student accommodation project in Bradford of superior Studios. Our 2 first projects consisting of 325 bed spaces of premier quality student accommodation have been fully occupied for the last 4 years. These are worth 20m.This is so because of better management, little maintenance issues, student satisfaction and high specification. The third project is of even higher specification. But the banks are taking no interest in its funding. We are sure with these new facilities we will enhance the status of University of Bradford's stance in education and attract more international students, improving its financial position even more. But the Banks are in no mood to assist to improve the economy and at every moment will thwart our attempt to do so. Hasmukh Velji Shah - Director, Haria Management Limited, Bradford

Hasmukh Velji Shah

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