Private equity group acquires ice cream maker
October 6, 2010
by Keith Nunes
DUNKIRK, N.Y. — Arbor Investments, a Chicago-based private equity firm that focuses on food and beverage industry investments, has acquired Fieldbrook Foods Corp., a manufacturer of private label ice cream and frozen novelty products. Terms of the sale were not disclosed.
“We are thrilled to partner with Bing Graffunder and the Fieldbrook team in continuing the tradition of this fine company,” said Joseph Campolo, president of Arbor Investments. “Fieldbrook’s management and employees have created an industry leading business with excellent distribution in supermarkets, mass merchandisers and value stores across North America.”
Fieldbrook will continue to manufacture products from its 250,000-square-foot facility in Dunkirk, and the company will continue to be led by Ken Johnson, chief executive officer of Fieldbrook, and the existing senior management team.
Other companies within the Arbor Investments portfolio include Allied Specialty Foods, Inc., a meat processor; Gold Standard Baking, Inc., a manufacturer of premium baked goods; National Deli L.L.C., a meat processor; and Truco Enterprises, L.P., a marketer and distributor of branded Mexican food and beverage products.