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VOL. 126 | NO. 236 | Monday, December 5, 2011

Bids for Yarnell's Ice Cream Recipes Turned Down

AP

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SEARCY, Ark. (AP) – The apparent winning bids for the recipes of bankrupt Yarnell's Ice Cream Co. were turned down and awarded instead to a Chicago company as part of its overall bid for much of Yarnell's assets.

Schulze and Burch Biscuit Co. will receive the recipes as part of its $1.3 million bid during Wednesday's bankruptcy auction.

David Davison submitted the apparent top bid for the ice cream recipes and Jeff Holtz the apparent winning bid for Yarnell's "Guilt Free" line.

Davison says he's upset while Holtz says he was surprised – but that he understood the bid was not a final sale.

Search Chamber of Commerce president Buck Layne says Schultze and Burch plans to reopen the Yarnell's plant that was closed in June.

Schultze and Burch officials have not commented.

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 This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 96 173 11,698
MORTGAGES 95 174 13,601
FORECLOSURE NOTICES 14 14 1,872
BUILDING PERMITS 291 387 24,551
BANKRUPTCIES 65 118 7,591
BUSINESS LICENSES 29 60 3,972
UTILITY CONNECTIONS 35 84 4,765
MARRIAGE LICENSES 18 38 2,582

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