|Updated: 12/03/2011 7:19 pm
||Published: 12/03/2011 4:56 pm
SEARCY, AR - Schulze & Burch Biscuit Co. has purchased the former Searcy-based Yarnell Ice Cream Company plant, equipment and intellectual property including trade names and formulas.
Schulze & Burch, a Chicago-based wholesome snack manufacturer with a plant in Searcy, purchased Yarnell's assets in a bankruptcy auction for approximately $1.3 million. Once the transaction is final, the company plans to make more announcements on its' future plans for the Yarnell plant and products.
"We are excited about the opportunity ahead of us to bring a beloved Arkansas brand back to the market," said Kevin Boyle, president and chief executive officer. "There were several factors in our interest in Yarnell's. First, our experience with the workforce in Searcy has been great. We are very proud of our Searcy Operation employees. Second, the Yarnell's brand has an excellent reputation and is truly an Arkansas icon. We have also heard that some of the former key employees may be interested in returning to the operation.
"There's no doubt the Yarnell plant is a top notch manufacturing facility," Boyle said. "The plant was properly decommissioned by loyal former employees, and the vital equipment well maintained during its shutdown."
He hopes retailers and consumers are willing to give Yarnell's Ice Cream a second chance.
"Once the transaction is finalized, we will request to meet with retailers and determine their interest in restocking Yarnell products," Boyle said.