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,
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Competition is driving ice cream premiumisation

The growth in popularity of premium ice-cream, combined with the growing number of health conscious consumers has contributed to a surge in the number of ice cream manufacturers keen to play in this market, including Unilever Australia and Norco Co-operative.
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