Nestle’s Dreyer deal cleared

Nestlé has finally been given the go-ahead to complete its $2.8 billion takeover of Dreyer – a year after the deal was first announced.

The US Federal trade commission yesterday cleared Nestlé’s merger of its US ice cream business with Dreyer, the US’s largest ice cream maker, after Nestlé agreed to sell Dreyer’s Dreamery and Whole Fruit Sorbet brands.

The Dreyer deal is the culmination of Nestlé’s strategy to become the leading ice cream producer in the US.