» 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 This material may not be published, broadcast, rewritten or redistributed.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 74 437 6,772
MORTGAGES 122 557 9,280
FORECLOSURE NOTICES 25 129 1,990
BUILDING PERMITS 236 716 15,738
BANKRUPTCIES 56 309 6,059
BUSINESS LICENSES 17 104 2,598
UTILITY CONNECTIONS 76 499 8,469
MARRIAGE LICENSES 31 138 1,997

Weekly Edition

Issues | About

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