CoolBrands International

Food industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

CANADA: CoolBrands suffers during Q2

4 May 2007

Ailing Canadian group CoolBrands International has endured deepening losses during its second quarter.

US: J & J expands in frozen dessert category with CoolBrands buy

3 Apr 2007

J & J Snack Foods has acquired Whole Fruit Sorbet and Fruit-a-Freeze frozen fruit bar brands, along with related assets and a manufacturing facility, from CoolBrands International.

CANADA: CoolBrands posts first-quarter loss

15 Mar 2007

Canadian ice cream and frozen snacks producer CoolBrands International has posted a net loss for the first quarter of US$4.85m, or $0.09 per basic and fully diluted share, against a net loss of $4.40m

US: Healthy Food completes CoolBrands Dairy deal

31 Jan 2007

Healthy Food Holdings, part of the private equity firm Catterton Partners, has announced that it has completed its acquisition of the yoghurt producer CoolBrands Dairy, from Canadian group CoolBrands International.

CANADA: CoolBrands files 2006 results

30 Jan 2007

Troubled Canadian frozen foods group CoolBrands has filed its 2006 results, which show a 33.6% decrease in net revenues from continuing operations to US$99.35m, from $149.71m for 2005.

CANADA: CoolBrands sells assets to Nestlé unit

25 Jan 2007

Troubled frozen foods group CoolBrands has sold its Eskimo Pie, Chipwich and Real Fruit brands, along with Eskimo Pie soft serve product brands and related foodservice business operations, to Dreyer's Grand Ice Cream, an indirect subsidiary of Nestlé, for around US$18.93m.

CANADA: CoolBrands breaks the ice for Eskimo Pie deal

18 Jan 2007

CoolBrands has today confirmed it is exploring the possibility of selling certain of its ice cream assets, including its Eskimo Pie and Chipwich brands.

CANADA: CoolBrands files details on working capital

16 Jan 2007

In a regulatory filing, the troubled Canadian ice creams, frozen snacks and fresh yogurt producer CoolBrands International has stated that it currently has approximately US$3.5m of excess availability under its existing revolving credit facility and is actively pursuing other sources of working capital liquidity.

US: CoolBrands agrees US$45m yoghurt unit sale

3 Jan 2007

Coolbrands International said it has agreed to sell its yoghurt division, CoolBrands Dairy, to Lily Acquisition for US$45m in cash.

CANADA: Serruya acquires Coolbrands warrants

28 Nov 2006

Canadian ice cream and frozen snacks producer Coolbrands International has announced that its co-founder, co-chairman and director Michael Serruya has acquired, through a holding company, warrants to purchase 5.5m subordinate voting shares in the company.

CANADA: CoolBrands shares double after management shuffle – update

21 Nov 2006

Shares in CoolBrands have more than doubled after the frozen dessert maker appointed a new chief executive and reconstructed its board in a management shuffle designed to aid the company’s financial recovery.

US: CoolBrands replaces CEO

20 Nov 2006

Ice cream maker CoolBrands International has announced that 2118769 Ontario, a company controlled by Michael Serruya, has entered into an agreement to acquire all the indebtedness of its senior lenders under the credit facility provided to Americana Foods, which is guaranteed by CoolBrands.

CANADA: CoolBrands sells distribution assets

15 Nov 2006

CoolBrands has announced that its subsidiary, Eskimo Pie Frozen Distribution, has entered into definitive agreements to sell its ‘direct store door’ frozen distribution assets in Florida, California, Oregon and Washington to Southwest Traders for a net consideration of approximately US$5m.

CANADA: CoolBrands’ JV faces bankruptcy

12 Oct 2006

Frozen dessert maker CoolBrands International said yesterday (11 October) that lenders to its joint venture facility in Texas are no longer willing to loan money to the company, requesting that existing debt be repaid immediately due to existing defaults under its credit facilities.

Can cheese emulate yoghurt in the low-fat dairy sector?

5 Oct 2006

While yoghurt has long been popular with slimmers, cheese has traditionally been off the menu for consumers trying to lower their fat intake, as healthier cheeses have been slow to achieve the taste and texture necessary to attract a mass market. But, writes Catherine Sleep, this could be about to change.

US: Denali Flavors acquires CoolBrands unit

19 Sep 2006

The Michigan-based ice cream flavourings producer Denali Flavors has acquired the Wisconsin ingredient manufacturing unit of the Canadian group CoolBrands International.

US: CoolBrands faces Americana lawsuit

18 Sep 2006

Ice cream firm CoolBrands is facing a lawsuit that has been filed in the Supreme Court of the State of New York against it and certain of its subsidiaries and employees by Americana Foods Corporation in relation to Americana Foods LP.

CANADA: CoolBrands sells dairy division

4 Sep 2006

CoolBrands International has said that its subsidiary, Eskimo Pie Corporation, has agreed the sale of its Value America flavours and ingredients division. The sale, to an unnamed party, was completed for the purchase price of US$10m.

CANADA: CoolBrands director resigns

16 Aug 2006

Romeo DeGasperis has resigned from the board of directors of Toronto-based frozen dessert manufacturer CoolBrands.

Forgot your password?