J&J Snack Foods to acquire Dippin' Dots for $222 million
J&J Snack Foods has agreed to acquire Dippin’ Dots for $222 million. J&J expands its portfolio of products by adding the cryogenically frozen beaded ice cream maker, which also includes SUPERPRETZEL, ICEE, Minute Maid frozen ices, Sour Patch Kids ice pops, and more.
The transaction will be funded through a combination of cash and senior debt financing and is expected to be accretive to J&J’s annual operating results and is anticipated to close by the end of June 2022, subject to customary closing conditions.