Ledo d.d. is a

Croatia , image_flag = Flag of Croatia.svg , image_coat = Coat of arms of Croatia.svg , anthem = "Lijepa naša domovino"("Our Beautiful Homeland") , image_map = , map_caption = , capit ...

n-based producer of

ice cream Ice cream is a sweetened frozen food typically eaten as a snack or dessert. It may be made from milk or cream and is flavoured with a sweetener, either sugar or an alternative, and a spice, such as cocoa or vanilla, or with fruit such as str ...

and

frozen food Freezing food preserves it from the time it is prepared to the time it is eaten. Since early times, farmers, fishermen, and trappers have preserved grains and produce in unheated buildings during the winter season. Freezing food slows decompositi ...

headquartered Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the top ...

Zagreb Zagreb ( , , , ) is the capital (political), capital and List of cities and towns in Croatia#List of cities and towns, largest city of Croatia. It is in the Northern Croatia, northwest of the country, along the Sava river, at the southern slop ...

. Ledo's total revenues in 2008 amounted to HRK 1.19 billion and increased by 16.7 percent compared to last year. The bulk of the income is made up of sales income in the country, which increased by 13.2 percent, and by 28.3 percent, the growth of income abroad is recorded. The realized net profit is HRK 89.4 million, which is an increase of 28.8 percent compared to the previous year. In 2013, at the conference of the International Association of Manufacturers of Ice Cream and Frozen Foods, Ledo Torta ice cream was recognized as the best in the world. It was partially owned by the

Agrokor Agrokor () was a conglomerate, largely centered in agribusiness, with headquarters in Zagreb, Croatia. Founded in 1976 as a flower grower, it became a joint stock company in 1989, with 100 percent ownership held by founder Ivica Todorić. It grea ...

group, which restructured and rebranded as

Fortenova Group Fortenova Group is a food producer and retailer based in Zagreb. It has been operating since 1 April 2019. The company was established through the implementation of the Settlement Plan closed between the creditors of Agrokor which had, due to il ...

in 2018. Ledo is one of the largest producers of frozen food and ice cream in

Southeastern Europe Southeast Europe or Southeastern Europe (SEE) is a geographical subregion of Europe, consisting primarily of the Balkans. Sovereign states and territories that are included in the region are Albania, Bosnia and Herzegovina, Bulgaria, Croatia (al ...

. Apart from Croatia, it is also produced and sold in

Bosnia and Herzegovina Bosnia and Herzegovina ( sh, / , ), abbreviated BiH () or B&H, sometimes called Bosnia–Herzegovina and often known informally as Bosnia, is a country at the crossroads of south and southeast Europe, located in the Balkans. Bosnia and H ...

Slovenia Slovenia ( ; sl, Slovenija ), officially the Republic of Slovenia (Slovene: , abbr.: ''RS''), is a country in Central Europe. It is bordered by Italy to the west, Austria to the north, Hungary to the northeast, Croatia to the southeast, an ...

and

Hungary Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia a ...

. Beginning of 2021, Fortenova announced it was entering exclusive negotiations with the UK-headquartered

Nomad Foods Nomad Foods is an American-British frozen foods company, with its headquarters in the United Kingdom. The company's jurisdiction of incorporation is the British Virgin Islands. In 2015, Nomad acquired the Iglo Group. Five countries – the UK, Ita ...

about the sale of its frozen food arm which comprised Ledo plus d.o.o. (Croatia), Ledo Čitluk (Bosnia and Herzegovina) and

Frikom Frikom (full legal name: ''Industrija smrznute hrane Frikom d.o.o. Beograd'') is a Serbian maker of ice cream, which also sells frozen fruit, vegetables, fish, and pastries. History Frikom was established on 16 March 1976 in Belgrade, SFR Yugos ...

(Serbia).. In January 2021 Croatian business press reported that the purchase price would likely exceed EUR 600 million. On March 29 2021 Fortenova Group announced that the transaction was closed at EUR 615 million and would be finalized in Q3 2021. The first ice cream produced in Croatia, the popular ''Snjeguljica'' (

Snow White "Snow White and the Seven Dwarfs" is a 19th-century German fairy tale that is today known widely across the Western world. The Brothers Grimm published it in 1812 in the first edition of their collection ''Grimms' Fairy Tales'' and numbered as Ta ...

), was introduced in 1958. At the time, what was to become Ledo was a part of a larger Croatian milk producer.

References

External links

* Food and drink companies of Croatia Food and drink companies established in 1958 Ice cream brands Companies listed on the Zagreb Stock Exchange Croatian brands Manufacturing companies based in Zagreb Agrokor 1958 establishments in Croatia {{Croatia-stub