Schulze and Burch Biscuit Co. has announced completion of the purchase of assets of the bankrupt Yarnell's ice cream business in Searcy and plans to reintroduce Yarnell's ice cream in Arkansas stores, using the same recipes, by spring. Reopening of the Searcy plant is to begin very soon.
News release follows:
Schulze & Burch Biscuit Co., a Chicago-based wholesome snack manufacturer with a plant in Searcy, has completed the acquisition of Yarnell’s Ice Cream Co., an 80-year-old manufacturer of premium ice creams, frozen yogurt and the nation’s first fat-free, no sugar-added line of “Guilt Free” frozen desserts.
With the transaction finalized, Schulze & Burch Biscuit management will begin meeting with retailers to present the Yarnell’s product line with original formulas. The process of re-opening the plant will begin immediately using some of Yarnell’s former employees.
“The outpouring of excitement and support for the Yarnell’s re-launch has exceeded all of our expectations,” said Kevin M. Boyle, president and chief executive officer of Schulze & Burch Biscuit Co. “We have heard loud and clear that Arkansans want their beloved ice cream back — as it was. We’re looking forward to making that happen!”
Schulze & Burch is planning to make Yarnell’s products available at favorite retailers across the state by this spring.
In early December 2011, the company purchased Yarnell’s assets in an auction held by the company’s bankruptcy trustee for approximately $1.3 million. Schulze & Burch has more than 85 years’ experience in manufacturing quality, wholesome snacks.
About Schulze & Burch Biscuit Co.
Schulze & Burch Biscuit Co., based in Chicago, has been manufacturing quality baked goods since 1923. The company is recognized as a pioneer and innovator in baking technology. The company processes and packages toaster pastries, granola bars, formed bars, cookies/crackers and cereals. Schulze & Burch has a full-service research and development lab, which can assist or lead in the development of new products, from concept to bench top and from bench top to production. The company’s Food Technology and Development Center is a one-of-a-kind pilot plant available for testing, sampling and initial production needs. For more information, visit www.schulzeburch.com.