Casper’s Ice Cream manufactures and distributes a broad selection of frozen novelty and ice cream products, including ice cream sandwiches, cones, bars, sticks, cups and other formats. Casper’s sells through three brands: FatBoy, the longest standing brand and #1 ice cream sandwich brand in the U.S., Jolly Llama, a non-dairy and better-for-you novelties brand, and ChurnBaby, an indulgent, premium brand. The company operates three manufacturing facilities and is a leading co-manufacturer for other high-growth novelty brands. Since its founding in 1925, Casper’s has been known for its creamy flavor and products with the taste and texture that consumers desire.
Investment Date: December 2021
Deal Lead: Daniel Penn
Add-On Acquisition Criteria
Status: Reviewing add-ons opportunistically