Yuengling's Ice Cream Announces Acquisition of Revolution Desserts, LLC
Yuengling's Ice Cream Corporation (OTC PINK: ARSN) has signed a binding Letter of Intent to acquire Revolution Desserts, LLC. Revolution holds brands like Gelato Fiasco, Sweet Scoops, Art Cream, and SoCo Creamery. Gelato Fiasco is available in over 600 locations, while Sweet Scoops is sold in major retailers like Whole Foods. Art Cream and SoCo Creamery also enjoy notable distribution. This acquisition aims to diversify and enhance Yuengling's brand portfolio.
- Acquisition of Revolution Desserts enhances product diversity with notable brands.
- Gelato Fiasco and other brands present strong retail presence, expanding Yuengling's market reach.
- None.
ATLANTA, GA, March 01, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Yuengling’s Ice Cream Corporation (“Yuengling’s”) (OTC PINK: ARSN) is pleased to announce that it has signed a binding Letter of Intent (“LOI”) to acquire Revolution Desserts, LLC (“Revolution”). Revolution owns or licenses the Gelato Fiasco, Sweet Scoops, Art Cream, and SoCo Creamery brands.
Gelato Fiasco is a premium gelato product with two stores and is available in more than 600 retail locations. Sweet Scoops, a producer of all-natural frozen yogurts, is sold in Whole Foods, Roche Bros and approximately 100 independent stores. Art Cream, an organic artisan ice cream with unique and often unconventional parings, is currently sold in MOMs Organic Market and other natural/organic retailers. SoCo Creamery is an all-natural super-premium ice cream, gelato and sorbet distributed from Maryland to Maine in stores such as Whole Foods, Roche Bros, Big Y, Stop & Shop, other select retailers, and four Sysco distribution centers.
“We are very excited to add such incredible and diverse products to the Yuengling’s portfolio of brands”, commented Rob Bohorad, Yuengling’s President and CEO.
About Yuengling’s Ice Cream
Yuengling’s Ice Cream was founded by American businessman Frank D. Yuengling in 1920 to help support the family brewery during Prohibition, which lasted from January, 1920 to December, 1933. Spun off as a separate company from the brewery in 1935, Yuengling's maintained a strong tradition of making exceptional gourmet ice cream products in central Pennsylvania. The fan-favorite brand advanced its legacy and its renowned dairy quality by using locally sourced dairy ingredients that contain no added hormones. The company discontinued production in 1985 when no family successor emerged. In 2014, David Yuengling, Frank’s great grandson, and Robert Bohorad revived the brand and an American classic was re-born. The Yuengling's Ice Cream Corporation, as it has been since 1935, is a separately owned and operated company from D. G. Yuengling & Son, Inc Brewery.
Safe Harbor Statement
This communication contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Yuengling’s Ice Cream Corporation and members of its management as well as the assumptions on which such statements are based.
Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions.
The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
For More Information
Contact & Media Inquiries:
IR@yuenglingsicecream.com
Phone: 570-968-4352
FAQ
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