New ownership for Carvel.

From: Ice Cream Reporter | Date: December 20, 2001 | Copyright information

Carvel Ice Cream has a new owner. Private investment firm Roark Capital Group has paid $48 million for a majority stake in the venerable regional chain, which has annual retail consumer sales of about $180 million to $200 million. The Atlanta-based Roark has indicated that it favored the recession-proof ice cream business because of its steady earnings. Carvel has been a popular presence in the Northeast for 66 years, known for its soft ice cream, frozen novelties, and ice cream ca...

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