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Ice cream maker tops ST Profit Track 100

18 April 2011

R&R Ice Cream, an ice cream manufacturer in North Yorkshire which makes allergen-free dessert, has topped the Sunday Times Profit Track 100 of British private firms with the fastest-growing profits

The company was one of three food-related firms in the Top 20 and eight in the Top 40, published in April 2011.

The other prominent food companies were producer Fridays (placed 10), Crisp Malting Group (15), G's (29), Meadow Foods (30), Cellar Trends (32), Peacock Salt (34) and Aston Manor Brewery (35).

The company was started in 1932 by a young Italian, Regina Roncadin, who opened her first ice cream parlour in Osnabrück, Germany, and was established in the UK in 1987. It now has a staff of 1,875.

In 2007, R&R Ice Cream became Europe's largest ice cream manufacturer with seven production plants across Europe. The following year, the company acquired 70% of Kelly's of Cornwall with Philipp Kellys still regaining a 30% share.

By December 2009, R&R had 210.22% annual profit growth, enough to make it the top of this prestigious list.

Last year, the company bought Rolland - France's third largest ice cream manufacturer. It says this purchase meant it became the second largest ice cream group in supermarket sales in the UK, Germany and France selling more than 500 million litres of ice cream a year.

Fridays, which came 10th overall, is a Kent-based food producer which was founded in 1950 and which had an annual profit growth of 123.76% and a staff of 325. Norfolk-based malt producer Crisp Malting Group has been in business since 1890 and came 15th overall.

Its annual profit growth was 102.10% and it has a staff of 232. It supplies malt to the maker of Glenlivet whisky.

Other companies in the Top 100 included Brace's Bakery in South Wales, which supplies more than 3,000 locations with 40 million loaves each year, and Tangerine Confectionery from Blackpool, which produces sweets and popcorn at seven sites, employing more than 1,300 staff.

Meadow Foods makes condensed milk and chocolate used by Mars and Walls.

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