Grupo Herdez has agreed to transfer control of its Mexico ice cream joint venture to Froneri, the global ice cream business backed by Nestlé and private equity. The move marks a significant restructuring of the partnership, giving Froneri a stronger operational foothold in one of Latin America’s most important frozen dessert markets. The transaction involves Herdez relinquishing its controlling stake in the business, which has been jointly operated with Nestlé through Froneri. This shift aligns with Herdez’s broader strategy to streamline its portfolio and focus on core categories, while still maintaining exposure to the ice cream segment through a minority interest. For Froneri, the deal strengthens its position in Mexico by consolidating decision-making and enabling greater control over production, distribution, and brand development. The company is expected to leverage Nestlé’s global expertise and its own scale to drive growth in a competitive and evolving market. The Mexican ...