[1] In April 2019, Fieldbrook was acquired by Wells Enterprises, the third largest ice cream manufacturer in the United States.
[2] Fieldbrook produces more than 1,500 varieties of packaged frozen desserts, ice cream and novelties.
[4] The early 2000s economic recession, coupled with a skyrocketing in the cost of ingredients, caused the company to close its Georgia plant and, in September 2001, to file for bankruptcy.
Spruce Bank Enterprises, LLC, a private investment fund and food giant Suiza Foods Corp. bid for the company with Spruce Bank having the winning bid.
[5] Arbor exited its investment in April 2019, having grown revenues at Fieldbrook nearly 70% during its holding period.