When you're talking about the dairy category, there's a seemingly endless array of opportunities—dairy and non-dairy alike—stretching across the refrigerated dairy case to the freezer case.

Hostess Brands, LLC is collaborating with Nestle Dreyer’s Ice Cream Company to launch Hostess Frozen Novelties and Ice Cream. The parties have entered a license agreement through which Nestle will manufacture and distribute the new products under the Hostess brands.  

All new items are under 50 calories per bar, food allergen-friendly, and feature a smooth texture.

The purchase price of $61 million, on a debt-free basis excludes about $8 million of working capital items.