PARTNERING WITH US

Partnering to grow. Stronger together.

PARTNERING WITH US

Glacier brings together some of Europe’s strongest ice cream businesses, working in partnership to help them grow and realise their full potential.

We combine entrepreneurial expertise with the capital, capabilities and scale of a growing international group — creating new opportunities while building on the strengths that made each business successful in the first place.

We are building a €2bn group through a mix of organic growth and carefully chosen partnerships, with a shared ambition to create a global leader in ice cream.

If you have built something worth growing, we would like to talk.

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Glacier at a glance

5

sites
across Belgium, France and Italy

50

production lines
built for range, reliability and scale

298m

litres of ice cream produced in a year

Multi-format

manufacturing capability and across private label and co-manufacturing

36

R&D specialists
supporting new products, formats and smarter ways to make them

400+

new SKUs each year
From concept to chiller, with pace and precision

Our approach

Invest. Grow. Add value.

We believe the strongest businesses are built through partnership.

We acquire businesses with strong foundations and help them grow through investment, operational expertise and shared capability.

That means strengthening what already works, backing the people who built it, and adding the scale, capital and operational expertise to help the business go further.

Every partnership is shaped around the business itself - its people, its customers, its capabilities and its potential.

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What makes Glacier different

We bring scale without losing focus

Glacier is a specialist ice cream group built for private label and co-manufacturing at scale.

Our partners benefit from the strength of a larger group, while keeping the focus and category expertise of a specialist ice cream business.

That means scale where it matters: production capacity, customer reach, procurement strength, operational knowledge and investment capability.

We have a strong capital structure,  with the funding capacity to invest confidently in the businesses that join us.

Our investment is focused on the things that create practical growth: new lines, automation, operational improvements, R&D, new formats and access to new markets.

Our approach goes beyond providing capital. We work alongside management to strengthen capability, accelerate growth and build long-term value through active partnership with the businesses we invest in.

With access to capital markets funding and credit ratings from S&P and Moody’s, Glacier has the financial platform to move with confidence and invest for the long term.

Our approach is centered on sustained investment that strengthens businesses, expands capability and supports growth over time.

Glacier combines entrepreneurial energy with the discipline of an established, well-backed group.

We make decisions quickly.
We keep processes practical.
We move with clarity from conversation to action.

That matters when opportunities need momentum — and when businesses need a partner with the means and mindset to act.

We combine investment capability with deep operational expertise.

Our team works alongside management to strengthen operations, support growth and unlock long-term value through a hands-on partnership approach.

Across the group, we benchmark production practices, share operational learning and support continuous improvement – without disrupting what makes each business work.

Glacier brings R&D, procurement, commercial reach, operational support and investment capacity that can help a business grow faster than it could alone.

From concept to chiller, our teams help partners respond to customer demand, develop new formats, improve reliability and build products that are made to spec, made to scale and built to repeat.

We add the infrastructure around the business, so the business can go further.

We are flexible and agile in our partnering approach.

We can shape the right structure around the business – whether that means a full acquisition or a partnership approach that keeps founders, leaders and specialist teams in key positions.

When a business joins Glacier, we want the team to feel supported, not replaced.

People stay.
Expertise stays.
The business keeps moving.

We add scale around it.

Stronger together

Joining Glacier creates opportunities that are hard to achieve alone.

Top-line growth

Partners can benefit from access to a strong and diverse customer portfolio, wider market reach and new opportunities across countries, channels and formats.

Procurement strength

Group-wide scale helps improve buying power, supply resilience and commercial flexibility.

Operational excellence

Shared production knowledge, benchmarked practices and group-wide expertise help improve performance, consistency and reliability across the platform.

The Glacier growth story

Six proof points that show the strength of the group.

1. Pure-play scale

1. Pure-play scale

A focused ice cream platform with the footprint, production strength and category expertise to support growth across private label and co-manufacturing.

Glacier brings together specialist businesses with a shared focus: making ice cream properly, reliably and at scale.

2. Organic and inorganic growth

2. Organic and inorganic growth

A clear growth model that combines expansion across the existing group with carefully selected partnerships that add new capability, capacity and market reach.

We are growing through investment in the businesses already within Glacier, and through partnerships with businesses that can help shape the next stage of the group.

3. Strong financial profile

3. Strong financial profile

A solid EBITDA profile, disciplined growth and a capital structure designed to support long-term investment.

Glacier is a financially strong, stable and ambitious business, supported by committed shareholders with the financial resources to invest confidently in future growth and acquisitions.

4. Targeted capex investment

4. Targeted capex investment

Investment is directed where it makes a practical difference.

That includes new lines, automation, cold storage, production efficiency, capacity and capability improvements that help businesses grow and serve customers more reliably.

Capital is focused on long-term value, not short-term fixes.

5. Innovation at scale

5. Innovation at scale

Glacier is recognised as an innovator in the market, with R&D capability that helps customers and partners move from brief to bench, plant and chiller.

Innovation is not treated as a slogan. It is built into the way we develop, make and scale products.

6. Mature business controls

6. Mature business controls

Glacier combines entrepreneurial pace with mature business controls.

Across the group, we continue to strengthen governance, cyber security, CSR, operational standards and responsible business practices.

This gives partners the reassurance of a well-backed, professionally run group - with the energy to keep growing.

Partner perspectives

“Glacier brought the scale and support to help us keep growing, while respecting the strengths already in the business.”

Andrea Olivi

From Gelato D’Italia

“Joining Glacier gave us the investment, stability and support to build for the future. The focus was on strengthening the business, backing the team and creating new opportunities for growth.”

Christian Giuntoli

From Giuntoli

“The process was practical and straightforward. Glacier understood the business, moved at pace and focused on where it could add value.”

Bert Van Nieuwenborgh

From YSCO

CONTACT US

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Supported by Afendis

Glacier is proud to be supported by Afendis Capital Management, providing long-term backing for the group’s growth ambitions.

Potential partners and asset owners who share our long-term view of the category are welcome to get in touch for a private conversation.