OREANDA-NEWS. November 02, 2011. Unilever has agreed to acquire Ingman Ice Cream, including its subsidiaries in the Baltics and Belarus. Ingman is the oldest major domestic ice cream producer in the Finnish market since Valio divested its ice cream production to Nestle in 2004. Completion of the acquisition is contingent on securing approval from the relevant competition authorities, reported the press-centre of SORAINEN.

Ingman operates production facilities in Sipoo (Finland), Ahus (Sweden), Mazeikia (Lithuania) and Gomel (Belarus) and employs 700 staff. The company earned approximately EUR 70 million in revenues in 2010 via direct sales through proprietary sales offices in Finland, Sweden, Estonia, Latvia, Lithuania and Belarus, and through international distributors.

SORAINEN advised the Baltic and Belarus part of the transaction, the team being led by partner Pekka Puolakka and specialist counsel Kadri Kallas, with the competition part led by senior associate Lauras Butkevicius.