Fieldbrook Farms
{{Infobox company
| name = Fieldbrook Foods Corporation
| trade_name = Fieldbrook Farms
| logo = Fieldbrook Farms 1.gif
| type = Private corporation
| genre =
| foundation = 1914
| founder = William J. Wells
| location = 1 Ice Cream Drive
Dunkirk, NY 14048
United States
| locations =
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| key_people = Robin Galloway, CEO
| industry = Food
| products = Ice cream, frozen desserts
| services = Private label
| market cap =
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| parent = Wells Enterprises
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| homepage = {{url|fieldbrookfoods.com}}
| footnotes =
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}}
Fieldbrook Farms is the trade name of Fieldbrook Foods Corporation, a $100 million manufacturer of private label ice cream and frozen desserts based out of Dunkirk, New York.{{cite web
|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=6530474
|quote=Fieldbrook Foods Inc. ... is based in Dunkirk, NY 14048
|title=Fieldbrook Foods Inc.: Private Company Information|website=Bloomberg News
|date=31 July 2023
}} In April 2019, Fieldbrook was acquired by Wells Enterprises, the third largest ice cream manufacturer in the United States.{{cite news |title=Wells Enterprises acquires Fieldbrook Foods |url=https://www.dairyfoods.com/articles/93546-wells-enterprises-acquires-fieldbrook-foods |accessdate=20 April 2019 |publisher=Dairy Foods}}
Fieldbrook produces more than 1,500 varieties of packaged frozen desserts, ice cream and novelties. These products include, ice cream, frozen yogurt, sherbet & sorbet, sandwiches, IC/Fudge Bars, Ice Pops, juice & fruit bars, cones, cups and sorbet bars.
History
=Dunkirk Ice Cream=
The company was founded by William J. Wells in 1914 under the name Dunkirk Ice Cream. It was family-owned and operated for four generations until 1996.{{cite news |first=Tom |last=Hartley |title=Private label producer finds favor in the freezer |url=http://www.bizjournals.com/buffalo/stories/2000/06/05/story5.html |work=Business First of Buffalo |date=2000-06-02 }}
=Fieldbrook Farms=
A group of investors led by James J. Greco purchased Dunkirk Ice Cream's assets and renamed the company Fieldbrook Farms Inc. in mid-1996, sparking a rapid increase in the company's sales, doubling revenues to $100 million, and expanding the company' employee count to over 500 people.{{cite news|title=New name, new owners for Fieldbrook Farms|url=http://www.thefreelibrary.com/New+name,+new+owners+for+Fieldbrook+Farms.-a084376645|accessdate=August 26, 2016|work=Ice Cream Reporter |via=The Free Library|date=March 20, 2002}} The early 2000s economic recession, coupled with a skyrocketing in the cost of ingredients, caused the company to close its Georgia plant and, in September 2001, to file for bankruptcy. Spruce Bank Enterprises, LLC, a private investment fund and food giant Suiza Foods Corp. bid for the company with Spruce Bank having the winning bid. In March 2002, the company was renamed Fieldbrook Foods Corporation while continuing to operate as Fieldbrook Farms.{{cite news|title=New name, new owners for Fieldbrook Farms|url=http://www.thefreelibrary.com/New+name,+new+owners+for+Fieldbrook+Farms.-a084376645|accessdate=August 26, 2016|work=Ice Cream Reporter |via=The Free Library|date=March 20, 2002}}
In December 2010, Fieldbrook Foods agreed to be acquired by Arbor Investments.{{cite news|last1=Mitchell|first1=Dan|title=Deal frenzy in aisle 4|url=http://fortune.com/2010/12/16/deal-frenzy-in-aisle-4/|accessdate=August 26, 2016|work=Fortune|date=December 16, 2010}} Arbor exited its investment in April 2019, having grown revenues at Fieldbrook nearly 70% during its holding period.{{cite news |title=Arbor exits Fieldbrook Foods |url=https://www.pehub.com/2019/04/arbor-exits-fieldbrook-foods/# |accessdate=20 April 2019 |publisher=PEHub.com}} Fieldbrook Farms was acquired by Wells Enterprises, maker of Blue Bunny ice cream and the third-largest ice cream manufacturer in the United States.{{cite web |title=Wells Enterprises Announces Acquisition of Fieldbrook Foods |url=https://www.businesswire.com/news/home/20190416005125/en/Wells-Enterprises-Announces-Acquisition-Fieldbrook-Foods |website=BusinessWire.com |date=16 April 2019 |publisher=BusinessWire |accessdate=20 April 2019}}
References
External links
- {{url|fieldbrookfoods.com}}
- [https://web.archive.org/web/20120913073356/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=6530474 BusinessWeek profile]