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Nestle Owns 100% of Dreyer's
NEW YORK - Jan 19/06 - SNS -- Nestlé S.A. now owns all outstanding shares of Dreyer's Grand Ice Cream Holdings.
This follows the 2003 merger of Nestlé's US ice cream business with Dreyer's which resulted in Nestlé owning 67% of the combined company at the time.
Nestlé, through the Dreyer's business, has continued to gain market share in the US throughout the year, reaching 23.2% in 2005 according to ACNielsen data. Taking into account the proposed acquisition of Delta Ice Cream in Greece announced last month, Nestlé now has a 17.5% share of the world ice cream market.
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