Ziegenfelder, a manufacturer of frozen treats and the Budget Saver brand, is the nation’s largest producer of Twin Pops and a market leader in water ice products.
The Armstrong Group is a family owned and operated collection of diverse companies. The Armstrong Group was selected for the acquisition because they closely mirror the business philosophy and culture of The Ziegenfelder Company. The acquisition expands and strengthens the Armstrong Group portfolio, adding to operating companies that include interests in broadband, video, telephone, security, real estate, electronic manufacturing, HVAC, and now, frozen treat manufacturing.
The Goodwin team was led by Stuart Cable, Joshua Ratner, Jeff Koh, Courtney Schrenko, and Max Cardin (Corporate); Joanne Gray and Kate Seib (FDA; Products Liability); Todd Pollock and Misha Goodwin (Tax); Sarah Bock and Andre Amorim (ERISA & Executive Compensation); Eric Roth (Employment); Brenna Moorhead and Ben Tschann (Real Estate); Nathan Brodeur (Environmental); Simone Waterbury and Brady Cummins (Antitrust); Jonathan Price (Products Liability); Steve Argentieri (IP); Bruce Rader (Debt); with invaluable assistance from Serene Qandil, Amina Mokel, Kathryn Georgian, J.T. Roy, and Amy Caldwell Breitling.
Bigelow served as financial advisor to Ziegenfelder.
For more details, read the announcement.