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Slide #4. J & J Snack Foods — Philly's Famous Water Ice, Inc.
J & J Snack Foods (NASDAQ:JJSF)
Philly's Famous Water Ice, Inc.
J & J Snack Foods Corp. (Nasdaq:JJSF) announced today that it has acquired the stock of Philly's Famous Water Ice, Inc. (PHILLY SWIRL). PHILLY SWIRL, located in Tampa, FL, produces frozen novelty products sold to both retail and food service locations throughout the United States and to Canada. Philly Swirl's distinctive product offerings ( www.phillyswirl.com ) include fun & unique kid friendly items, as well as better for you products. The Company said that revenues of PHILLY SWIRL are approximately $25 million annually, but did not disclose the purchase price.
J&J Snack Foods manufactures snack foods and distributes frozen beverages. Co.'s business segments are: Food Service, which sells soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods to the food service; Retail Supermarkets, which sells soft pretzel products, frozen juice treats and desserts, frozen fruit bars and sorbet, cups and sticks, SOUR PATCH sticks and ICEE Squeeze-Up Tubes to the retail supermarket channel; and Frozen Beverages, which sells frozen beverages to the food service industry and provides repair and maintenance service to customers for customers' owned equipment.
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Buy (3.00 out of 4)