Private equity firm MidOcean Partners has announced the acquisition of Casper’s Ice Cream, a manufacturer and distributor of frozen novelty and ice cream products in the United States.
Founded in 1925, Casper’s Ice Cream produces a wide range of frozen products including ice cream sandwiches, cones, bars, sticks, cups, and other formats under brands such as FatBoy, Jolly Llama, and ChurnBaby.
Daniel Penn, Managing Director at MidOcean, commented, “MidOcean has been evaluating opportunities in the branded food category for a number of years, with a specific focus on the highly attractive frozen novelty category. We are honored to be a part of the Casper’s family and look forward to being great stewards of legacy built by the Merrills over the last 95+ years, including the Company’s commitment to service leadership, philanthropy and community relations.”
Financial terms of the transaction were not disclosed.