Acquisition adds to CoolBrands' dessert menu
Jul 28, 2003 12:00 PM, from staff and wire reportsCoolBrands International Inc has announced that affiliates of Integrated Brands Inc, its wholly owned subsidiary, have acquired the general partner interest and a majority of the total partnership interests in Americana Foods LP. Partnership interests were acquired by exercising an option granted under a prior agreement between Integrated Brands and its financial partners in Americana Foods.
Americana is one of the largest and most versatile frozen dessert manufacturing facilities in the United States, and currently supplies various soft-serve mixes, packaged ice cream, frozen yogurt and sorbet products, and frozen novelties to national retailers, food companies, and restaurant chains.
CoolBrands recently acquired the Dreamery ice cream and Whole Fruit sorbet brands from Dreyer’s Grand Ice Cream, as well as the rights to the license for the Godiva ice cream brand, which was assigned by Dreyer’s. In that July 7, 2003, transaction, CoolBrands also acquired Häagen-Dazs’ US ice cream distribution system from Nestlé.