J&J Snack Foods plans to acquire Dippin’ Dots, a manufacturer of novelty “beaded” ice cream, for $222 million.
Dippin’ Dots uses a unique cryogenic freezing process, developed in 1988, to produce pellets of ice cream, yogurt, sherbet and other products. Distribution is through national and local accounts with entertainment venues and others, as well as a retail network of more than 140 franchisees. The deal will include Dippin’ Dots’ headquarters, main production plant and other facilities, located in Paducah, Ky.
“As a part of J&J, we will have the opportunity to leverage our marketing and innovation capabilities to promote Dippin’ Dots and expand distribution into new markets while implementing initiatives to gain added operating efficiencies,” J&J CEO Dan Fachner said in a statement.
Dippin’ Dots has had recent problems. It suffered two liquid nitrogen explosions in the last three years, and its CEO was sued by a former lover over salacious pictures he allegedly showed of her without her consent.
