Marketing

Cross-branding' continues in ice cream: the frozen version of Baci Perugina arrives

After Oreo, Milka, Cadbury and Toblerone, a new launch for the big name in the Froneri sector with a turnover of over 5.5 billion (350 million in Italia)

by Maria Teresa Manuelli

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

There is a new product on supermarket shelves that mixes nostalgia and innovation: Baci Gelato, the new brand launched by Froneri that brings the identity of the Perugina praline to the world of packaged cold food. It is not the first experiment of this kind - and it will not be the last - in a market where cross branding between different confectionery categories has established itself as a strategic lever for brands in search of new consumers.

Already on the shelves, but presented on 6 May in Ferentino, where Froneri has its main factory in Italia, Baci Gelato comes inthree formats - stick, cone and pot - built around the ingredients that define the original: gianduia, hazelnut and cocoa. The products are Rainforest Alliance certified. The operation aims to intercept those seeking "distinctive, premium and highly emotional taste experiences", as the company puts it, and maintains one of the most recognisable elements of the original brand: the secret message inserted in each pack.

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The co-branding strategy in packaged ice cream

The launch of Baci Gelato is part of an established trend in the industry: that of transforming strong brands in other categories - biscuits, chocolate, pralines - into packaged ice creams, with the aim oftransferring consumer recognition and loyalty. Froneri has over time built a long-standing partnership with Mondelēz, from which Oreo, Milka, Cadbury and Toblerone ice creams were born, and in 2026 will also add Lotus Biscoff to its portfolio, initially in selected European markets.

This is not an isolated phenomenon, as evidenced by the cases of Ferrero, Bauli and other companies that have agreed to rebrand their iconic brands in the sub-zero version. The industrial reasoning behind these operations is straightforward: an established brand brings with it a loyal consumer base, lowers barriers to entry into the category and reduces the cost of building brand awareness. In the case of Baci, which according to Nestlé is recognised for its quality and emotional value, the move into ice cream aims to preside over a segment - the premium segment of individual snacking - that is rapidly expanding.

Froneri's accounts: 350 million euro in Italia

Behind the launch of Baci Gelato is a group on the move, both in the markets and in the shareholder base. In 2025, Froneri turnover grew by 3.1% at constant exchange rates, compared to EUR 5.531 billion in 2024, driven by the snacks portfolio and increased investments in marketing. Retail markets increased overall by 3.6% year-on-year. The Italian subsidiary - headquartered in Ferentino and with a production plant also in Terni - achieved sales of approximately €350 million in 2025.

On the shareholder front, autumn 2025 marked a major turning point. Pai Partners completed a EUR 3.6 billion deal for its 50% stake in Froneri, opening up the entry of new shareholders: Abu Dhabi Investment Authority became a significant minority investor, while Goldman Sachs Alternatives led a new continuation vehicle - one of the largest in Europe for this type of transaction. The deal values Froneri at around EUR 15 billion.

A few months later, in February 2026, came the news that further reshaped the balance in the industry. Nestlé announced that it was in advanced negotiations to sell its remaining ice cream business - concentrated in six markets including Canada, Chile, Peru, China, Malaysia and Thailand, worth less than CHF 1 billion - to Froneri, keeping its 50% share in the joint venture unchanged. The assets will be integrated into Froneri during 2026 and early 2027.

For Froneri, which had already acquired the local producer Crufi in Uruguay in 2024 and the Food Union operations in the Nordic and Baltic countries at the end of 2025, the transaction with Nestlé confirms a strategy of consolidation by external lines. The launch of Baci Gelato - with all the symbolic charge of one of Italy's most recognisable brands - can also be read in this context: an expanding group that uses co-branding to raise the positioning of its portfolio at a time when the premium snacking category is pulling hardest.

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