Wells Enterprises, the US ice-cream maker, has snapped up Fieldbrook Fields, a private-label supplier in its domestic market, from private-equity firm Arbor Investments.
Fieldbrook Foods, a business based in Dunkirk in New York state, gives Wells Enterprises “an important footprint on the East Coast”, the buyer said in a statement announcing the acquisition today (16 February).
Family-owned Wells Enterprises is the third-largest ice-cream manufacturer in the US, supplying private-label products, doing business as a co-manufacturer and making products sold under its own Blue Bunny brand.
“The combination creates a stronger platform for growth and positions us to better serve our customers, as well as providing a more geographically diverse footprint for us,” Mike Wells, the CEO and president of Wells Enterprises said.
Fieldbrook operates two manufacturing facilities, one in Dunkirk and the other in Lakewood, New Jersey. Wells Enterprises said the factories make “a comprehensive portfolio of value and premium quality frozen novelty and ice cream products”.
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For its part, Wells Enterprises has its headquarters and two manufacturing plants in Le Mars in Iowa.
Wells Enterprises said the combined business would employ more than 3,800 people and produce close to 200 million gallons of ice cream. It already produces 150m gallons.
Financial details on the deal were not disclosed.
Arbor Investments acquired Fieldbrook Foods in 2010.