EON:
Dippin’ Dots, LLC, a newly-formed company based in Oklahoma City and funded by private capital, has finalized its acquisition of Dippin’ Dots, Inc, the Kentucky-based manufacturer of the popular flash-frozen ice cream. The acquisition closed on Friday after the U.S. Bankruptcy Court in Louisville, Kentucky approved the purchase earlier this month.
“The acquisition process went smoothly,†Scott Fischer, president of Dippin’ Dots, LLC, said. “Dippin’ Dots is an outstanding brand, and thanks to the continued dedication of our Dippin’ Dots employees, we are in a unique position to reconstruct the business model of one of the most recognizable brands in the retail market and to realize growth on an international scale. We have set internal milestones for substantial growth within the first year. Presently, there are more than 1,600 Dippin’ Dots locations worldwide. By the close of 2012, the company plans to raise that number to 2,000.â€