US private equity firm Arbor Investments has acquired frozen novelty and ice cream products producers Fieldbrook Foods Corp.
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Arbor has partnered with dairy veteran Herman “Bing” Graffunder, in its acquisition, the firm said today (5 October). Terms of the sale were not disclosed.
Fieldbrook, headquartered in Dunkirk, New York, is one of the largest US manufacturers of private label frozen novelty and ice cream products, according to Arbor.
“We are excited about our partnership with Arbor and look forward to continuing our path of profitable growth,” said Ken Johnson, CEO of Fieldbrook Foods. “Arbor and Bing will be valuable resources as we enter the next phase of growth in our business.”
Fieldbrook previously operated as Dunkirk Ice Cream. The company will continue to operate out of its existing facility and will be led by Ken Johnson, CEO and his existing senior management team.
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