Italian confectioner Ferrero said Wednesday it is acquiring Wells Enterprises, one of the largest U.S. ice cream makers, in a deal that will broaden both companies’ offerings.
Wells, a 100-year-old family-owned company based in Le Mars, Iowa, makes Blue Bunny, Halo Top, and other brands. It employs 4,000 people and produces more than 200 million gallons of ice cream per year at plants in Iowa, New York and Nevada.
