Casper’s Ice Cream is a manufacturer and supplier of branded and co-packed frozen novelty products.
MidOcean Partners, a New York-based middle-market private equity firm focused on the consumer and business services sectors, said it acquired Casper’s Ice Cream (Casper’s), a Richmond, Utah-based manufacturer and supplier of branded and co-packed frozen novelty products sold in grocery and mass retail outlets throughout the United States. Casper’s owns the FatBoy brand, one of the fastest-growing frozen novelty brands in the United States, as well as the Jolly Llama and ChurnBaby brands.
MidOcean Partners said it intends to accelerate the company’s growth and drive value through comprehensive organic initiatives and strategic mergers and acquisitions. 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.