NW Iowa Ice Cream Giant May Be For Sale

Date posted - August 2, 2012

Le Mars, Iowa — The maker of Wells’ Blue Bunny ice cream may be for sale.

Le Mars-based Wells Enterprises, the parent company, is looking at options to raise money and a sale could be one of those options. A company spokesman says, in an emailed statement, that Wells “has begun a strategic process to raise capital to support our growth strategy.”

He says the company has “built a strong platform from which to expand our business” and it’s hoped the process can be completed by the end of the year. The company’s vision is to become the number-one ice cream company in America by 2020. Wells employs more than 2,500 people in Iowa, mostly in Le Mars, and in Utah. The company produces more than 120-million gallons of ice cream per year.

Story from RadioIowa

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One Response to “NW Iowa Ice Cream Giant May Be For Sale”

  1. Peter VanGriffin says:

    The curse of the 3rd generation cash out. Nestle will be the new ice cream overlord of LeMars.

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