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Fieldbrook Foods purchased by competitor

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OBSERVER File Photo Wells Enterprises, Inc. has acquired Fieldbrook Foods headquartered in Dunkirk from Arbor Investments, effective Monday.

OBSERVER Staff Report

LE MARS, Iowa (AP) — Wells Enterprises, Inc. has acquired Fieldbrook Foods headquartered in Dunkirk from Arbor Investments, effective Monday. This purchase expands Wells’ current manufacturing capacity, diversifies its ability to support customers geographically to help meet future demand and adds an important footprint on the East Coast.

“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,” explained Mike Wells, CEO and president. “We’re excited for the future and growing our business together.”

Wells and Fieldbrook have highly complementary businesses. Wells is the No. 3 ice cream manufacturer in the U.S. with a strong house of brands including signature brand, Blue Bunny, along with private label and co-pack business. Fieldbrook is a strong private label/contract manufacturer located in the Northeast. Fieldbrook operates two manufacturing facilities, one in Dunkirk, another in Lakewood, New Jersey. Together Wells and Fieldbrook will employ over 3,800 people and produce close to 200 million gallons of ice cream.

“We have confidence in the local Fieldbrook team, and are excited to have them join Wells. We’re focused on our shared commitment of quality, service and food safety and look forward to continuing to fulfill Wells’ purpose of bringing joy to everyday life because of the love of ice cream,” said Mike Wells.

UBS Investment Bank acted as the financial advisor to Wells, with McDermott Will & Emery serving as legal advisor.

On Tuesday, Dunkirk Mayor Wilfred Rosas expressed his excitement for the building’s new ownership and the city.

“This acquisition is a good thing for the city and for Fieldbrook. These two companies have been competitors, so this acquisition ensures that this company remains here in the city of Dunkirk. They’re looking to increase production as well as a variety of products that they’re going to be making and selling out of our plant here. This is very similar to what happened with Refresco and Cott.”

A high-level official from the company has flown in to attend a meeting this morning with the city and Fieldbrook Foods. A formal announcement will also be made at this time.

About Wells Enterprises

Wells Enterprises, Inc. is the largest privately held, family-owned ice cream manufacturer in the United States. Founded in 1913 by Fred H. Wells, the company is still proudly owned by the Wells family today.

Wells produces more than 150 million gallons of ice cream per year and distributes products in all 50 states. Wells manufactures its signature brand Blue Bunny, the iconic Bomb Pop, Blue Ribbon Classics and its newest brand, Chilly Cow.

Wells employs over 3,000 ice cream aficionados across the country. The company is headquartered with two manufacturing plants in Le Mars, Iowa. As the world’s largest manufacturer of ice cream in one location, Wells has made Le Mars the “Ice Cream Capital of the World.”

About Fieldbrook Foods

Fieldbrook Foods is a leading U.S. ice cream producer located in the Northeast and offers a comprehensive portfolio of value and premium quality frozen novelty and ice cream products. With its flexible, comprehensive production capabilities, Fieldbrook is an ideal private label and co-packing partner to retailers, contract manufacturing customers and food service operators.

The company is uniquely equipped to provide a complete offering of products. Fieldbrook is widely recognized for its commitment to unparalleled and responsive customer service, reinforcing customer loyalty and strengthening its position as a category leader.

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