US-based dairy company Ohio Processors has agreed to obtain ice cream and frozen yogurt maker Pierre’s Ice Cream Corporate.
Described as a producer and distributor of “dairy-related merchandise”, Ohio Processors mentioned an settlement has been “finalised” to buy Pierre’s, which operates out of Cleveland in the similar state.
Monetary phrases weren’t disclosed via Ohio Processors, a trade owned via the Smith circle of relatives and based in 1934. The corporate provides whipped cream, ice-cream mixes and low creamers to the foodservice channel and private-label shoppers.
Ohio’s president Doug Smith mentioned: “We’re extremely joyful to announce the purchase of Pierre’s Ice Cream. Their merchandise and workers might be welcome additions to Ohio Processors.”
Comparable
Pierre’s was once arrange in 1932 via Alexander Basset and produces ice cream, lollies, sorbet and frozen yogurts equipped to retail, out-of-home and own-label purchasers. Its portfolio additionally options lactose-free ice cream and reduced-fat and low-sugar sorts.
Native e-newsletter Cleveland.com reported, quoting an organization spokesperson, that Pierre’s has 80 team of workers who might be retained.
Proprietor Shelly Roth mentioned: “I’ve spent lengthy hours desirous about and dealing towards a succession plan that may be certain that continuity for the trade.
“The philosophies of Ohio Processors and the Smith circle of relatives align with our succession priorities in addition to the values and instructions we’ve got cultivated through the years. The Smith circle of relatives stocks the similar core values which have been instilled within the Pierre’s organisation.”
Comparable Corporations
