Frosty Boy is pleased to announce that Advent Partners has invested in the company alongside the existing founders to support the company entering its next phase of growth.
Frosty Boy, with its factory based in Yatala, Queensland is a leading Australian producer of high-quality, value-added dairy products including frozen dessert and beverage bases. The company supplies 50 countries throughout the world and has won numerous export and customer awards.
CEO Dirk Pretorius will continue as CEO, with his team remaining focused on delivering the high quality service and products that customers have come to expect over 40 years.
“This is an extremely exciting opportunity for us, as we enter this next phase in our history. Frosty Boy will maintain its focus on quality, safety and customer service, supported by the same management team,” Mr Pretorius said.
“We look forward to the growth opportunities we expect through our partnership with Advent. It’s great news for our team and the customers we supply across the world. With the extra funding and support, we will have greater capacity to invest in R&D and our people to ensure we enhance our position as a leader in the dessert and beverage industry.”
Symon Vegter, Partner at Advent Partners said, “We are delighted to partner with Dirk and Frosty Boy. Frosty Boy is an iconic brand and a true Australian food export success story. The business has exciting growth ahead built on its excellent customer service, focus on innovation, a talented team and high quality products. We look forward to working with the team into the future.”
For more information on Frosty Boy visit www.frostyboy.com.au