Regional ice cream maker ceases production
July 5, 2011
by Keith Nunes
SEARCY, ARK. — Yarnell’s Premium Ice Cream ceased production of all product lines on June 30. The company cited rising commodity costs combined with increased competition as the reasons for the closing.
“This has been an extremely tough year for the ice cream industry in general, and particularly to regional, independent manufacturers like ourselves,” said Christina Yarnell, chief executive officer. “We have examined many possible avenues to keep the company afloat — actively marketing the company to investors and strategic buyers — the majority of whom are undergoing the same financial distress we are. However, we’ve been unable to obtain additional financing from our lenders or locate a buyer, and have come to the difficult decision that the appropriate course of action is to shut our doors.”
Yarnell’s manufactured a variety of ice cream and novelty products, including frozen yogurt and fruit sherbet. The company employed approximately 200.