Unilever Purchases Gelato Maker Talenti
The acquisition allows Talenti entrance to Unilever's far-reaching distribution network
Talenti Gelato & Sorbetto announced that it has been acquired by Unilever, one of the world's leading suppliers of food, home and personal care products. The acquisition gives Talenti an unprecedented opportunity to grow and expand its footprint and reach more consumers. The terms of the transaction were not disclosed.
Talenti will continue to craft gelato and sorbetto using old world methods – a quality that has distinguished the brand since its beginning. This commitment includes carefully sourcing the best ingredients from around the world. Talenti will maintain and operate its production facility in Marietta, GA, and will continue to present unique flavor offerings in its recognizable transparent packaging.
"We are thrilled to join the Unilever family, work together to expand distribution and share Talenti love with even more ice cream consumers," said Steve Gill, Talenti's CEO.
As part of the acquisition, Talenti will have access to Unilever's extensive distribution network and supplier's resources to accelerate its growth and leadership in the premium ice cream category, and will complement Unilever's existing family of established ice cream brands including Ben & Jerry's, Breyers, Fruttare, Good Humor, Klondike, Magnum and Popsicle.
Founded by Josh Hochschuler as a store-front gelateria in Dallas, TX in 2003, Talenti has since experienced strong growth with sales expected to eclipse $120 million by the end of 2014.