OKLAHOMA CITY (AP) - A group of investors from Oklahoma City has completed a $12.7 million transaction to buy the Dippin' Dots LLC flash-frozen ice cream company out of bankruptcy.
The deal approved Friday will enable company founder Curt Jones to act as chief executive officer. Dippin' Dots will remain headquartered at Paducah, Kentucky.
The Oklahoman reports (http://is.gd/FnOdyp ) Scott Fischer will be Dippin' Dots president. Fischer and his father, Mark Fischer are the primary investors in the company. Mark Fischer is chief executive officer and co-founder of Oklahoma City-based Chaparral Energy.
Scott Fischer says the company plans to expand from 1,600 sales locations to 2,000 and will use the highly-recognizable brand to grow internationally.
The treat is popular at amusement parks, stadiums and arenas.