THE MAKER OF WELLS BLUE BUNNY ICE CREAM IS POTENTIALLY UP FOR SALE.
LE MARS BASED WELLS ENTERPRISES IS LOOKING AT OPTIONS TO RAISE CAPITAL AND A SALE COULD BE ONE OF THOSE OPTIONS. COMPANY SPOKESMAN DAVE SMETTER SAYS IN AN E-MAILED STATEMENTÂ THAT WELLS HAS BEGUN A STRATEGIC PROCESS TO RAISE CAPITAL TO SUPPORT OUR GROWTH STRATEGY.
SMETTER SAYS THE COMPANY HAS BUILT A STRONG PLATFORM FROM WHICH TO EXPAND THEIR BUSINESS. HE SAYS WELLS HOPES TO COMPLETE THE PROCESS BY THE END OF THE YEAR, AND THAT THE COMPANY'S VISION IS TO BECOME THE NUMBER ONE ICE CREAM COMPANY IN AMERICA BY 2020.
WELLS EMPLOYS OVER 2500 PEOPLE IN IOWA AND UTAH AND PRODUCES OVER 120 MILLION GALLONS OF ICE CREAM ANNUALLY.
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