Also in the UK, ice cream manufacturer Hill Station has acquired Kent-based So Real Ice Company in a deal valued at 750,000 [pounds sterling] ($1.5 million).

Also in the UK, ice cream manufacturer Hill Station has acquired Kent-based So Real Ice Company in a deal valued at 750,000 [pounds sterling] ($1.5 million). The Cwmbran-headquartered company made the announcement as it reported sales in April well above expectations thanks to warmer-than-average weather. Hill Station has paid a deposit of 100,000 [pounds sterling] and the balance of 650,000 [pounds sterling] is payable as 550,000 [pounds sterling] in cash and 100,000 [pounds sterling] in new ordinary shares in the company. In a statement, Hill Station said, "The acquisition of Real Ice will extend Hill Station's portfolio of branded ice creams and customer base. The board believes that it should be able to achieve synergistic benefits though the acquisition."