Tip Top Ice Cream Company Limited

Tip Top Ice Cream Company Limited, based in New Zealand, specializes in producing a wide variety of premium ice cream products known for their quality and taste, catering to families and ice cream enthusiasts alike. Tip Top Ice Cream Company Limited, founded in 1936, operates out of Auckland, New Zealand. The company is known for its production of high-quality ice cream and was acquired by Froneri International Limited in May 2019 from Fonterra Ltd. for NZD 380 million.

The acquisition has positioned Froneri to leverage Tip Top's brand and expertise for future growth. Tip Top is a prominent ice cream brand in New Zealand, celebrated for over 80 years of producing high-quality frozen desserts. The company's offerings include 2-litre tubs, popsicles, and novelty items like the Trumpet and Memphis Meltdown, all made with fresh New Zealand cream and naturally sourced ingredients. The brand reaches consumers through retail channels and food service providers, appealing to families and ice cream lovers looking for indulgent treats.

In the most recent year, Tip Top generated revenue of NZD 101. 83 mn and reported an EBITDA of NZD 11. 77 mn, primarily through direct sales and partnerships with retailers and wholesalers, which supply their products to grocery stores and food service establishments. Tip Top is focused on expanding its product line and geographic reach.

The recent acquisition by Froneri International Limited is set to enhance its market presence and distribution capabilities. While specific new product launches have not been detailed, Froneri's acquisition strategy aims to capitalize on Tip Top's established brand reputation and explore new markets for growth. The funding from the acquisition will be utilized to support these strategic expansions and product developments.