date:Nov 19, 2012
Wells, US-based producer of Blue Bunny ice cream, has intiated plans to raise money for the expansion through loans instead of selling its stake.
The company plans to remain private and family-owned. Although it previously planned to expand the business by selling its stake, it later chose to expand the business with loans.
Wells, which produces about 500 flavors distributes its products across 50 states, is aiming to increase its revenue by 2020. Since the company has started the production o