(Annual sales and employees) What industry is the company in? 2023 Forbes Media LLC. The divestitures also marked Wells new focus on expanding nationwide sales of its core businesses, ice cream and frozen novelty products. We use cookies to provide you with a better experience. Chase vs. Wells Fargo High-Net-Worth Accounts: An Overview . These services include financial advisory services, mutual funds, securities-based lending, annuities, and college planning, which includes tax-advantaged 529 plans. In addition, Wells is the licensee for Weight Watchers Ice Cream. New corporate offices were added in 1980, and Wells built new facilities for its growing fleet of trucks used to deliver milk around Iowa. Private banking consists of personalized financial services and products offered to the high net worth individual (HNWI) clients of a bank or other financial institution. A group of shareholders sprang into action, forming a task force under the guidance of Jennifer Pendergast, senior consultant at the Family Business Consulting Group. To get a job at Wells' Dairy, browse currently open positions and apply for a job near you. Initially, Mike Wells said, the two sides discussed a potential partnership that would allow Wells' ice cream makers to use Ferrero's brands. The sale, the terms of which neither privately held company disclosed, also marks the end of the Wells' family's 109-year-ownership of the company. Good benefits, PTO, sick time, and free ice cream at work. Employees rate Wells' Dairy 3.6 out of 5 stars based on 135 anonymous reviews on Glassdoor. Doug Wells has fond memories of his first summer job making ice cream sandwiches. Current Employee. Killeen came to the company after running Ferrara Candy Co. of Minnesota, a business Ferrero bought in 2017. Adding outside directors to the board was another critical building block in navigating the transition. It built a new facility for its growing fleet of trucks used to deliver milk around Iowa and added new corporate offices. Now with its large and sophisticated new facilities up and running, the company launched an aggressive campaign to expand its brand nationally. Get the full list, To view Wells Enterprisess complete board members history, request access, To view Wells Enterprisess complete investments and acquisitions history, request access, To view Wells Enterprisess complete subsidiaries history, request access, To view Wells Enterprisess complete exits history, request access, Morningstar Institutional Equity Research, Cold dessert with gelatin-based component adapted for low temperature consumption, Cold dessert with gelatin-based component adapted for low-temperature consumption, Co-Owner, President, Chief Engagement Officer & Chief Executive Officer, Executive Vice President Finance and Chief Financial Officer, Senior Vice President of Marketing and Research & Development. AADOM Radio-THE Podcast For Dental Managers podcast episodes, Risk and Reels: A Cybersecurity Podcast podcast episodes, All About Affordable NFTs podcast episodes, We Are The Gayers | A Buffy Podcast podcast episodes, The Lorehounds: A Mandalorian Podcast podcast episodes, The Not Ready for Prime Time Podcast podcast episodes, The Movie Roulette Podcast podcast episodes, I Watch More Movies Than You podcast episodes, The House That Screams Horror Podcast podcast episodes, Weird, Together: Watching the Latest in Indie Horror Films podcast episodes. Forbes' Real-Time Billionaires List, on the other hand, ranked Adani at the 33 rd spot and pegged his net worth at $ 35.1 billion. In 2001, the second generation stepped aside, passing the reins to the next generation. In fact, the slightly worse-than-expected Consumer Price Index (CPI) []. Wells Enterprises, maker of the Blue Bunny ice cream brand, has ambitious plans to grow way beyond $1 billion in sales. Tyler Jett covers jobs and the economy for the Des Moines Register. We made tough decisions in 2007, and weve been proven right.. LE MARS, Iowa, July 21, 2022 /PRNewswire/ -- Wells Enterprises Inc., announced today the appointment of Sara Greenstein, President and Chief Executive Officer of Axel Johnson Inc., to its board of . Wells is a 100-year-old company focused on adapting for the next 100 years. Reach him attjett@registermedia.com, 515-284-8215, or on Twitter at@LetsJett. Mike Wells is CEO/Chief Engagement Officer at Wells Dairy Inc. See Mike Wells's compensation, career history, education, & memberships. The acquisition is expected to give Wells Enterprises a strategic footprint on the East coast. their budget proposal,and help guide you through the estimate process.Be wary of an abnormally low bid,they are not worth the risk.These underpriced projects often do not end well for the homeowner . Wells announced yet another expansion in Le Mars in May. Glassdoor gives you an inside look at what it's like to work at Wells' Dairy, including salaries, reviews, office photos, and more. Platinum: Whats the Difference? "They need all of our employees," he said. The buyer pays cash for the property, and can then apply for a mortgage with Wells Fargo within 90 days. When the family re-joined the ice cream business the following decade, they no longer had the rights to their old business' name. After graduating from college in 1981, he worked in sales in Omaha before returning to Le Mars, where he was named director of retail sales and transportation and, later, executive vice president of that department. . Wells Enterprises Inc. turns 99 this year, and it has plenty to celebrate. Gary was CEO, Dan was president of the procurement group and Greg worked in sales. The popularity of their product encouraged Fred and his brother, Harry C. Wells, to set up a partnership in 1927 to distribute their ice cream in Sioux City, about 25 miles from Le Mars. Wells said he began to seriously contemplate the company's future when he attended its 100th anniversary event in 2013. The process was pretty quick, and I heard back within a couple of weeks. Uncover why Wells Enterprises, Inc. is the best company for you. Prior to this acquisition, everything we produced was right here in Le Mars, Iowa, Mr. Wells said. This article originally appeared on Des Moines Register: Italian company now owns Blue Bunny ice cream maker Wells Enterprises, Iowa pride: From Blue Bunny to Jolly Time, these 7 food companies call Iowa home. In 2004, the weight-loss company approached Wells about developing new products under the Weight Watchers label. Sue Wells Sargeant, the older sister of Mike and Greg Wells, is the councils chair. Family and non-family management engaged in long discussions about how Wells could best position itself to grow and thrive in an increasingly competitive industry. The Wells familys commitment to preserving and growing its business, which included making bold changes in family management and the board of directors, has allowed it to gain a strong foothold in the hugely competitive ice cream industry. The company provides ice cream and other froz. We may not be able to beat Nestl and Unilever in market share, but we can be No. At the same time, it undertook a major project to enlarge its plant in Le Mars. work to continue to fuel our need for growth and our desire to grow.. . The post-World War II economic boom triggered a new era for Wells Dairy. Wells Enterprises's headcount grew by 5 people (0.39%) in the last . Located in Le Mars, Iowa, Wells manufactures more than 500 ice cream flavors and frozen novelty products under its brand name, Blue Bunny, as well as licensed ice cream products for major U.S companies. Report. The company pledged to expand there as recently as May. It is the maker of Blue Bunny ice cream. Weight Watchers and Wells are examples of good licensing partners, says Mike. What are perks and other benefits like at Wells' Dairy? The U.S. market for ice cream and related frozen desserts reached $25 billion in 2009, and the giant multinational companies Nestl and Unilever control half of all sales. Manufacturer of ice cream, frozen novelties and specialty frozen desserts. Get notification with the latest net worth updates for free. Chase offers access to theirChase SapphireReserve card, which offers a $300 travel credit annually. Posting location: Greenwich, CT. Pay Range. (Mike declines to disclose current revenues but says they exceed $1 billion.) This was more about the opportunity to do the right thing for our community of employees and our families than it was an opportunistic transaction," Mike Wells said. In this role you will: Overall responsibilities include coaching, leading, and managing Financial Advisors and Private Wealth Advisors in identified . [10][11][12], In 2009, at a time when due to changed ingredients, some ice creams fell outside the FDA definition of standardized Ice Cream (and started selling "frozen dairy dessert"), Wells' Dairy put a seal that said "Real Ice Cream" on all Blue Bunny products. Principal Analyst, Mobility & VR, Anshel Sag, dives into how Morpheus XR differentiates itself with its enterprise XR collaboration app. SQL International Organization for Standardization . P 540-370-9911; E info@wellsenterprisesconstruction.com; Operating two ice cream plants in Le Mars, Wells is the worlds largest manufacturer of ice cream in one location (which in turn has prompted Le Mars to claim the title of Ice Cream Capital of the World). In 2010, Wells changed its name to Wells Enterprises Inc. The increased square footage allowed Wells to double its production capabilities. Please only use it for a guidance and Wells Enterprises's actual income may vary a lot from the dollar amount shown above. Spring-time offerings bring limited-edition partnerships. Spouses and trust beneficiaries would have the same status as other shareholders. Competitors:Ben & Jerry's, Unilever, Dreyer'sCreate Comparison. It's actually a myth about how to make money on Facebook Wells Enterprises, Inc. is an American food company and is the largest family-owned and managed ice cream manufacturer in the United States, based in LeMars, Iowa. Deanne Stone is a business writer based in Berkeley, Calif. The council helped us understand what shareholders want, but their concerns will change as the business changes. Really great medical, dental and vision benefits with the company. Learn more about how we will bring joy to consumers around the world. This position is not eligible for Visa sponsorship. The family owners of northwest Iowa-based Wells Enterprises, the ice cream maker best known for its Blue Bunny brand, announced Wednesday that they will sell the business to Italian-based Ferrero Group, one of the world's largest food manufacturers. Like most other HNW cards, it carries no annual fee, and the perks extend the more you spend. In addition, Wells is the licensee for Weight Watchers Ice Cream. Italy has captured the Ice Cream Capital of the World. They also offer their Chase SapphirePreferred card, which collects double points on travel and dining worldwide. 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