UK'S R&R Ice Cream buys Australia's Peters for about $416 mln
date:May 28, 2014
w Zealand bread and dairy company Goodman Fielder Ltd for A$1.37 billion.

Last year, Canada's Saputo Inc gained control of Australia's Warrnambool Cheese and Butter Factory Company Holdings Ltd for more than A$500 million after a bidding war.

RR itself was sold a year ago to French private equity firm PAI Partners.

By combining the two companies, RR is further establishing its position as a world leader in the ice cream manufacturing market with a unique presence both in the European and Aust
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