Nestle to buy Eskimo Pie & Chipwich

Nestle to buy Eskimo Pie & Chipwich

Nestle to buy Eskimo Pie & Chipwich

Freezer faves Eskimo Pie and Chipwich were sold to Nestle for just under $19 million, officials said yesterday.


CoolBrands sold the two frozen dessert lines to Nestle's Dreyer's Grand Ice Cream.
Officials said they plan to use much of the money to pay off debt.
Earlier this month, CoolBrands sold its yogurt division for $45 million in cash, and in November 2006, it sold some of its U.S. Eskimo Pie distribution assets for $5 million.

Switzerland-based Nestle, which also owns the Haagen-Dazs ice cream brand, Butterfinger ice cream bars and Push Up frozen snacks, is battling for market share with Unilever, whose ice cream brands include Ben & Jerry's.

Nestle already controlled about a quarter of the U.S. frozen dessert market after buying the Dreyer's shares it didn't already own last January.

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