User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


74° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Wells Opts Not To Sell Stake In Ice Cream Business

November 15, 2012, 12:02 PM

Wells Opts Not To Sell Stake In Ice Cream Business
LE MARS, IA -

The Le Mars company that produces Blue Bunny ice cream says it plans to raise money for expansion through conventional loans and not by selling a stake in the business.

Wells Enterprises released a statement Wednesday saying the business would remain a private, family-owned company.

Wells wants to double revenues by 2020 and had considered selling an interest in the business to raise money needed for such an expansion.

But spokesman Dave Smetter says the company decided that with interest rates at historic lows, it makes sense to fund the growth with conventional credit.

Wells sold its milk and yogurt holdings in 2006 and focused on ice cream and frozen novelties. Since then, Wells' share of the national ice cream market has steadily increased.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Big Box Competition Prompts 2 SD Stores To Close

10/1/2014 6:51 AM

Stores are closing in Pierre and Aberdeen as big box retailers move in, affecting more than two dozen workers.

Full Story
Latest SF Walmart Lawsuit Dismissed

9/30/2014 11:48 AM

A lawsuit filed by opponents of a south side Sioux Falls Walmart has been dismissed.

Full Story
Chicago Fire Rerouting Travelers In Sioux Falls

9/26/2014 11:25 AM

A fire in Chicago has grounded flights in Sioux Falls and across the country.

Full Story
Lawsuit Dismissal Rolls Back SF Walmart Road Blocks

9/30/2014 5:39 PM

A Sioux Falls judge has dismissed the latest lawsuit involving the south side Walmart.

Full Story | Watch
Brookings Manufacturer Expands

9/26/2014 1:30 PM

Counterpart, Inc. of Brookings has completed a 30,000-square-foot expansion of its manufacturing plant.

Full Story


Events