» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 126 | NO. 235 | Friday, December 02, 2011

Bankrupt Yarnell's Assets Sold at Searcy Auction

AP

Print | Front Page | Email this story | Comments ()

SEARCY, Ark. (AP) – Major assets of bankrupt Yarnell's Ice Cream Co. of Searcy have been sold for $1.3 million to a Chicago-based company that officials say plan to reopen the plant.

Shulze and Burch Biscuit Co. purchased some Yarnell's equipment and its real estate during a bankruptcy auction Wednesday. Shulze and Burch has a toaster-pastry and granola bar business in Searcy.

Searcy Regional Chamber of Commerce President Buck Layne told the Arkansas Democrat-Gazette that Shulze and Burch plans to reopen Yarnell's.

Some Yarnell's recipes were sold for $2,500 to David Davison who said he hopes to resell them for profit. Yarnell's "Guilt-Free" line was bought by former employee Jeff Holtz who told The Daily Citizen he hopes to restart the line.

Yarnell's filed for bankruptcy in August after shutting down operations in June.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.