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Who sales halo top ice cream9/4/2023 ![]() “On top of that, Wells simply does things the right way – something that has been at the forefront for us when looking at potential acquirers.”įinancial details of the deal, which is expected to close later this month, are not being disclosed. As Halo Top continues to mature, Wells’ expertise in everything from operations, to managing brands, to making ice cream products for over a century will help Halo Top become an even better product and stronger brand. Justin Woolverton, CEO and founder of Halo Top, said, “We’re thrilled to join the Wells family. Eden Creamery said in January that Halo Top sales had surpassed Ben & Jerrys and Hagen-Dazs, making it the best-selling ice cream by the pint. No further details about the new company or potential global expansion were offered. It said it will license to a new company that Doug Bouton, the current president and COO of Halo Top, plans to operate after closing the deal. Wells also agreed to license the Halo Top brand outside the US and Canada. Wells said that there will be no interruptions in service of Halo Top products, and customers can expect the same quality that Halo Top has always delivered. We love ice cream and will leverage Halo Top’s brand equity and awareness to help grow it.” We have the sales and marketing expertise, but more importantly the passion, to help grow this brand even further. Wells has been making ice cream products for over 100 years. Editors' note: This ranking does not include dairy-free or vegan flavors or any of the flavors from the Halo Top Pops line. Eden Creamery, which owns low-calorie ice cream brand Halo Top, is exploring a sale that could value the company at as much as 2 billion, according to Reuters, citing people familiar. “We feel it is a good fit for the Wells portfolio as we look to broaden our offerings for consumers. Halo Top met a consumer need that no one else in the category was serving. Mike Wells, CEO and president of Wells, said, “Halo Top disrupted the ice cream category by providing a high protein, low sugar, low calorie dessert that gave consumers a reason to purchase ice cream as a treat again. The New York-based Fieldbrook specializes in private label and novelty production. In April, Wells acquired Fieldbrook Foods to expand the company on the east coast. Graeme Pitkethly, Unilever’s finance director, highlighted how very, very quickly Halo Top had grown taking 1.5 share points from us. It also operates a private label and co-pack business. LA-based low-calorie ice cream brand Halo Top has played a large role in the explosion of craft ice creams, with Unilever and General Mills both noting the startup’s influence on the industry. Wells manufactures Blue Bunny ice cream, Blue Ribbon Classics, Bomb Pop popsicles and Chilly Cow, another light ice cream brand. This week’s announcement expands Wells’ portfolio to five distinct dessert brands. The brand has been sold to Iowa-based Wells Enterprises, one of the largest family-owned ice cream producers in the US. ![]() It has a strong portfolio of dairy and non-dairy ice cream pints and bars, with rotating seasonal flavors. Halo Top recently bested stalwarts Ben & Jerry’s and Haagen-Dazs for the top sales spot in its niche grocery store ice cream pints. Halo Top has experienced a meteoric rise in the last few years, and is now category leader of better-for-you frozen desserts in the US. Packaging & Packing Materials, Containers Halo Top launched in the UK at the beginning of the year and according to figures from IRI had already sold nearly 3.3 million pints of ice cream by 8 September 2018. ![]() Processing Equipment & Systems, Automation, Control.Filling & Packaging Equipment & Systems.“Ice cream had yet another strong half helped by a very strong innovation plan, the good weather in Northern Europe and strong performance in emerging markets,” Paul Polman, chief executive officer of London-based Unilever, said in a July 19 earnings call, according to Food Business News. But the company hinted in July 2018 that they would rely on novelty and innovative ice creams to help boost sales, and it looks like Culture Republick could do the trick. Food Business News reported that in the first half of 2018, Unilever’s sales dipped 2.4% from the same time last year, and in 2017 lost 1.5 share points to the booming Halo Top brand. The focus on the low-calorie, probiotic ice cream represents an about-face for a company that experienced some struggles during the past fiscal year. ![]() Each colorful pint of ice cream has been designed and decorated by community artists around the country, and Unilever also announced that 10% of the new ice cream brand’s profits will be donated to artist communities around the country. ![]()
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