Food and beverage giant buys ice cream company, and will continue its focus on healthy products. Nestlé have increased market share in the United States ice cream market after announcing Thursday that it acquired full ownership of Dreyer's Grand Ice Cream Holdings, officials said.
Now the ice cream giant wants to make its customers healthier, too.
Nestle's U.S. headquarters are in Glendale.
The purchase follows the 2003 merger of Nestlé's ice cream business with Dreyer's, which resulted in Nestlé owning 67% of the combined company at the time.
Because of the 2003 merger, Nestlé's U.S. market share climbed to 23.2% in 2005, Nestlé officials said.
Nestlé will focus on launching healthy ice cream products worldwide as long as they fit the firm's strategy of tasting as good as traditional ice creams, officials said.