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Yuengling’s Ice Cream Signs Letter of Intent for the Acquisition of an Ice Cream Production Facility

Written by Customer Service on . Posted in Mergers And Acquisitions.

ATLANTA, GA, Jan. 26, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Yuengling’s Ice Cream Corporation (“Yuengling’s”) (OTC PINK: ARSN) is pleased to announce that it has signed a Letter of Intent (LOI) for the acquisition of an ice cream production facility.

The counterparty to the sale has requested that its name remain confidential for the moment. Both parties expect the transaction to close by the end of March 2022. Additional details of the deal will be released in the next few weeks.

“While specific details are not yet being made available, we are very excited about the acquisition as it will not only allow the company to produce Yuengling’s ice cream but also ice cream for other brands,” commented Rob Bohorad, Yuengling’s President and CEO. “In addition, with ice cream production availability limited across the country, this facility will help ensure a reliable supply of products. Finally, we are continuing to work diligently on this and several other initiatives and plan to provide additional updates in the very near future.”

About Yuengling’s Ice Cream

Yuengling’s Ice Cream was founded by American businessman Frank D. Yuengling in 1920 to help support the Yuengling family brewery during Prohibition, which lasted from January 1920 to December 1933. Spun off as a separate company from the brewery in 1935, Yuengling’s maintained a strong tradition of making exceptional gourmet ice cream products in central Pennsylvania. The fan-favorite brand advanced its legacy and its renowned dairy quality by using locally sourced dairy ingredients that contain no added hormones. The company discontinued production in 1985 when no family successor emerged. In 2014, David Yuengling, Frank’s great-grandson, and Robert Bohorad revived the brand and an American classic was re-born. The Yuengling’s Ice Cream Corporation, as it has been since 1935, is a separately owned and operated company from D. G. Yuengling & Son, Inc Brewery.

Safe Harbor Statement

This communication contains statements that may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of US Highland, Inc and members of its management as well as the assumptions on which such statements are based.

Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions.

The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

For More Information
Contact & Media Inquiries:
IR@yuenglingsicecream.com
Phone: 570-968-4352
www.yuenglingsicecream.com

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