Ice cream manufacturer Richmond Foods has received a bid approach.

The company, which makes own label, Nestlé-branded and Skinny Cow ice cream products, confirmed that it had received an indicative approach that may or may not lead to an offer being made for the company.

Richmond Foods said: “The board would wish to stress that discussions are at a preliminary stage and that the proposals being considered are subject to a number of material pre-conditions.”

The company added: “There is no certainty that any offer will be made for the company.”

Shares in the group rose 50p to close at 656.5p yesterday on the news, with analysts speculating that the approach could be from US private equity firm Oaktree Capital Management.

Analysts also said the bid could value Richmond Foods at an estimated £175m.

Richmond Foods said that it would make a further update on the approach in due course.