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MidOcean Partners Acquires Frozen Novelty Platform Casper's Ice Cream.

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MANews-(C)2009-2022

US-based middle market private equity firm MidOcean Partners has acquired branded and co-packed frozen novelty products manufacturer and supplier Casper's Ice Cream, the firm said.

Casper's products are sold through leading grocery and mass customers throughout the United States.

The company primarily sells through the FatBoy brand, one of the fastest growing frozen novelty brands in the US, as well as the Jolly Llama and ChurnBaby brands.

MidOcean intends to accelerate the company's growth and drive value through comprehensive organic initiatives and strategic M and A. Casper's represents MidOcean's second investment in branded food in the last six months following the acquisition of Louisiana Fish Fry in July 2021.

Financial terms of the transaction were not disclosed.

Founded in 1925 by Casper Merrill and headquartered in Cache Valley, Utah, Casper's provides a range of frozen novelty and ice cream products, including ice cream sandwiches, cones, bars, sticks, cups and other formats.

The company operates three manufacturing facilities, one of which is the newest frozen novelty manufacturing facility in the country.

Casper's is led by an experienced senior management team, including CEO Kyle Smith and EVPs Keith Lawes and Shane Petersen, under whose leadership the company has expanded distribution and increased capacity while...

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