A retired nurse who lives on the East Coast, she had never worked in the business. Private Clients with an existing mortgage who make a large lump-sum principal payment have the option to recast their remaining balance. In addition, Wells is the licensee for Weight Watchers Ice Cream. The winning entry in their Name That Ice Cream Contest was Blue Bunny, inspired by a local department stores Easter window display featuring colorful rabbits. He said his relationship with Ferrero managers began in 2019, when he toured Europe to observe new trends in the frozen desserts industry. In just two years, the shareholders council has accomplished what the board had hoped, Hylton says. We manufacture the store brands of other companies and, in exchange, they carry Blue Bunny in their stores. As one of Wal-Marts top 100 suppliers, Wells had to develop new technology to comply with the giant retailers mandates for inventory, safety and quality controls. "Thats how we ended up here.. 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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. In 1983 it made its first reach out of state when it bought a facility in Omaha, Neb., and remodeled it as a processing plant for milk, yogurt and fruit juice. While both banks offer an abundance of benefits for HNWIs, it comes down to the specific services that a client feels can provide the most benefit. Wells Fargo Private Clients receive personalized wealth planning, investment management, trust services, and private banking. In 2007, Mike was named CEO and president of Wells Dairy Inc. Gary, Doug, Greg and Dan Wells stepped down from their positions. These are continued divergent trends, Mr. Wells said. The treat comes in such flavors as mocha espresso swirl, malted vanilla chocolate pretzels and brown butter salted caramel. The estimated hourly pay at Wells Enterprises, Inc. ranges from approximately $11.29 per hour for R&D Engineer to $29.29 per hour for Maintenance Technician.. The combination of our manufacturing capabilities and its strong brand name allowed Weight Watchers to build a much larger capital market.. Now with its large and sophisticated new facilities up and running, the company launched an aggressive campaign to expand its brand nationally. This is based on 127 anonymously submitted reviews on Glassdoor. million verified professionals across 35 million companies. In 2004, the weight-loss company approached Wells about developing new products under the Weight Watchers label. To get a job at Wells' Dairy, browse currently open positions and apply for a job near you. 57% of employees think that Wells' Dairy has a positive business outlook. It is the maker of Blue Bunny ice cream. About this role: Wells Fargo is seeking a High Net Worth Branch Manager in Private Wealth as part of Wealth & Investment Management. [5] The plant is referred to as the South Ice Cream Plant because of its physical location on the south side of Le Mars. Later, he was promoted to an executive management position in the supply side of the business. In 1977, the company incorporated under Iowa law as Wells Dairy Inc. With the death of one second-generation partner and the retirement of another, the ownership and management of the company fell to brothers Roy and Fay and their cousin, Fred D. Wells. Though the main players in the ice cream industry, Like Wells, are privately held, making data hard to come by, Wells has previously stated the moves made the company the second-largest ice cream manufacturer in the country, behind Unilever. Wells is the U.S.s largest family-owned and -managed ice cream producer. We made tough decisions in 2007, and weve been proven right.. The Wells Enterprises management team includes Mark Eganhouse (Vice President, Supply Chain) . The centerpiece of the expansion is a 900,000-square-foot (84,000 m2) plant, which in addition to manufacturing includes a 12-story-tall freezer. The 8.5-oz soft serve-based desserts launched with 8 varieties and have grown to 16, including cookie crunch and fudge, peanut butter marshmallow and strawberry shortcake. Looking for a particular Wells Enterprises employee's phone or email? [7] In 2014 Wells announced it would be closing the St. George, UT facility. Now we have a mechanism for staying in touch., As the only daughter in the family, I wasnt expected to work in the business and I hadnt served on the board, so its gratifying to be part of it now, Sargeant says. Last year, Wells Enterprises launched two new product lines that Mr. Wells said embody the two major trends driving the ice cream industry: permissible indulgence and healthier lifestyle foods. Whether its a soothing body wrap, a deep tissue massage or a hydrating facial, these spas offer a variety of menu options. Family offices are private wealth management advisory firms that serve ultra-high-net-worth individuals. Wells Enterprises employees earn an average salary of $58,331 in 2023, with a range from $34,000 to $97,000. These special banking divisions offer a host of services not available to traditional clients, such as a dedicated wealth management representative, concierge banking, discounted mortgages, and perks and rewards on credit cards. Wells said he began to seriously contemplate the company's future when he attended its 100th anniversary event in 2013. A survey showed that their immediate interest was in learning how to interpret financial statements. 1 in quality and customer service.. He said the two sides have been negotiating a deal for the last six months. 2 ice cream producer in US after buying East Coast maker", "Wells' Dairy selling milk plant, will focus on ice cream", "Mexican company buys Wells' Omaha yogurt plant", "History of Wells' Dairy, Inc. FundingUniverse", Wells' Dairy to build new plant in Utah - Allbusiness.com - January 2002, "Blue Bunny ice cream plant closing its doors", "Blue Bunny Ice Cream teams up with NASCAR driver Jimmie Johnson for Helmet of Hope", "Blue Bunny Helmet of Hope grant recipients announced | Hendrick Motorsports", "Wells Enterprises to be acquired by Ferrero Group", "Ferrero Group to acquire Wells Enterprises, maker of ice cream brands Blue Bunny and Bomb Pop", https://en.wikipedia.org/w/index.php?title=Wells_Enterprises&oldid=1142050734, Manufacturing companies established in 1913, Articles with dead external links from February 2016, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 28 February 2023, at 06:57. Deanne Stone is a business writer based in Berkeley, Calif. :Elif Shafak Bloomberg Radio Bloomberg Best Bloomberg Best features. These services include financial advisory services, mutual funds, securities-based lending, annuities, and college planning, which includes tax-advantaged 529 plans. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. The post-World War II economic boom triggered a new era for Wells Dairy. Wells is the second largest ice cream maker in the United States behind Unilever. Chase offers access to theirChase SapphireReserve card, which offers a $300 travel credit annually. When managing such large sums of money, even small variations in returns, fees, rewards, and benefits can make a significant difference. We operate the biggest under-one-roof ice cream plant in the world here as well as our initial flagship plant downtown. Mike was in charge of demand, sales and marketing; Doug oversaw the supply side. [8], In November 2007, Mike Wells was named CEO of Wells. . Two of the oldest and most well-known banks in the United States, JPMorgan Chase & Co. (JPM) and Wells Fargo & Company (WFC), each offer private banking services to account holders who maintain balances above certain thresholds. Mike Wells began running routes for the dairy in 1977. The first generation had established the partnership model of leadership, and when the second generation took over in 1954, it followed suit. I have laid down my top five predictions for the benefit of enterprise and technology providers. Details. Interest rate discounts for Chase private clients apply to home equity lines of credit (HELOCs) as well as traditional mortgages. Unlike the personalized investment advisor service offered by Chase, Well Fargo offers only a contact form to fill out, and a bank representative will call you to discuss. Rather than a collection of cousins running various operations, as they had for decades, the family agreed to operate with only one leader. Wells Enterprises's headcount grew by 5 people (0.39%) in the last . Mike and Doug continued focusing on their areas of responsibilities, and in 2005 they were named co-presidents. Wells is a 100-year-old company focused on adapting for the next 100 years. Why? (Mike declines to disclose current revenues but says they exceed $1 billion.) The first was Blue Bunny Loadd Sundaes, which debuted in February 2018. PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. Fred H. Wells founded the family enterprise in Le Mars in 1913. 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. For reprint information, contact bwenger@familybusinessmagazine.com. Wells Enterprises acquisition of Fieldbrook is part of the companys long-term growth strategy, said Michael C. Wells, president and chief executive officer of Wells Enterprises. 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