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Allegro Funds buys Everest Foods

Sydney-based turnaround firm Allegro Funds has purchased Everest Foods, a manufacturer and distributor of premium ice cream, gelato, sorbet and frozen desserts.

Established in 1958 and based in Melbourne, Everest Foods’ brands include NorgenVaaz and Gelateria brands and the Everest gelato brand. The company has a unique platform underpinned by leading agile production capabilities, long-standing customer relationships and national distribution footprint.

Comet Line Consulting advised Everest Foods on the sale of the business.

“We are delighted to have helped the vendor successfully exit Everest Foods and to have found such a strong new owner for the business,” said Ben van der Westhuizen, Director, Comet Line Consulting.

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