Oklahoma City — J&J Snack Foods Corp. has completed its acquisition of Dippin Dots Holding, L.L.C. When the deal was announced in May, the transaction was valued at $222 million.
“I am grateful for the hard work of our management team and loyal employees that resulted in a successful re-emergence and relaunch of the company and brand in May 2012. Since then, we have enjoyed sustained growth, and the future is as bright as ever for Dippin’ Dots,” comments Scott Fischer, president and CEO of Dippin’ Dots. “As we considered the potential sale of Dippin’ Dots through the years, we became very intentional in evaluating opportunities. J&J Snack Foods caught our attention because of its position as a major player in the snack food industry, strong track record of growth and stellar business reputation.”
Founded in 1988, Dippin’ Dots uses a cryogenic freezing process yielding “beaded” ice cream. It was acquired by the current owners in 2012 who expanded the brand by diversifying product and sales channels.