Dippin' Dots - Bankruptcy Ky

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Dippin' Dots is an ice cream snack, invented by Southern Illinois University Carbondale graduate Curt Jones in 1988. The confection is created by flash freezing ice cream mix in liquid nitrogen. The marketing slogan is "Ice Cream of the Future". The snack is made by Dippin' Dots, Inc., headquartered in Paducah, Kentucky.


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History

The company of Dippin' Dots was officially founded in the town of New Grand Chain, IL in 1988. Jones began the company in his parents' garage. The company is now headquartered in Paducah, Kentucky. Because the product requires storage at temperatures below -40 °F (-40 °C), it is not sold in grocery stores, which cannot provide such extreme cooling requirements. Dippin' Dots are sold in individual servings at franchised outlets, many in stadiums, arenas, shopping malls, and in vending machines, as well as at theme parks such as Busch Gardens, Schlitterbahn, Six Flags, Cedar Fair, PARC Management, Kennywood, SeaWorld, and Big Surf.

In 1992, Dippin' Dots acquired a patent on its ice cream and, in 1996, sued its main competitor, Mini Melts for infringement. In 2007, the Court ruled against Dippin' Dots because the process of creating the ice cream was "obvious" rather than proprietary, and ruled the patent unenforceable because Dippin Dots had sold the product commercially for over a year before applying for the patent.

On December 19, 2008, the company announced that it was exploring the option of combining resources with another, unnamed company. No further announcements about this agreement were issued however.

Bankruptcy and Sale

On November 4, 2011, the company filed for Chapter 11 bankruptcy protection. Dippin' Dots states that it was due to a failure to reach an agreement with their lender, Regions Bank after attempts to do so. However, Regions Bank, according to the New York Times, had been trying to foreclose on Dippin' Dots for over a year.

On May 18, 2012, U.S. Bankruptcy Court approved the purchase of the company by Scott Fischer and his father Mark Fischer. The Fischers co-founded Chaparral Energy in Oklahoma City, Oklahoma. They said company founder Curt Jones would remain as CEO and would attempt to increase from 1,600 sales locations to 2,000 and would keep the production and headquarters in Paducah where it employs 165 people.

Co-Branding

On February 10, 2015, the company announced the creation of co-branded stores with snack manufacturer Doc Popcorn. The 1,000-square-foot stores will sell both Dippin' Dots and Doc Popcorn products, and the two brands will share the same selling counter, register and employees. The founders of both Doc Popcorn and Dippin' Dots said the agreement will benefit both brands.


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Products

There are three different kinds of Dippin' Dots: original dots, dot treats, and dot monster munch. Additionally, limited-run flavors are created for specific locations or events, such as Shamu's Mint Chocolate Flip sold exclusively at SeaWorld locations. As of 2017, they also market a type of popping candy which does not require refrigeration.

Original Dots

  • Banana Splits
  • Birthday Cake
  • Bubble Gum
  • Candy Bar Crunch
  • Cookies 'n Cream
  • Caramel Brownie Sundae
  • Cuddle Bug Pie
  • Chocolate
  • Chocolate Chip Cookies Dough
  • Cotton Candy
  • Kettle Corn
  • Mint Chocolate
  • Moose Tracks
  • Spookies 'n Cream
  • Strawberry
  • Vanilla
  • Liberty Ice
  • Rainbow Ice
  • Rockin' Cherry Ice with Popping Candy
  • Sour Blue Razz
  • Vanilla (no sugar)
  • Redberry Sherbet
  • Strawberry Cheesecake
  • Blueberry Sorbet
  • Mango-Pineapple Sorbet
  • Strawberry Sorbet

Dot Treats

  • Dot Goat
  • LOL - Lots of Layers
  • Dot Sundae
  • Dot Shake
  • Solar Freeze
  • Dot Quakes

Dot Monster Munch

  • Baby Bea's Booger Batter
  • Chewy Chompers' T-Rex Rocks
  • Furry Ferguson's Polar Bear Poop
  • Miss Muddle's Monster Muck
  • Pigtail Penelope's Tickle-Me-Pink
  • Smelly Nelly's Monkey Mess
  • Sour Susie's Speckled Slime
  • Uncle Gus' Snot Rocket Chocolate
  • Annie's Delight (popcorn flavored)



International business

Dippin' Dots is a company which is spread out internationally. Dippin' Dots companies are now located in "Chile, Honduras, Canada, US, Russia, Netherlands, Luxembourg, Greece, Belgium, South Korea, Philippines, Singapore, Japan, and Australia".




Franchise

"Dippin' Dots Franchising offers services and support for Dippin' Dots® Franchised Businesses. The company offers to franchise a retail store or vending machines featuring the sale of novelty frozen ice cream, yogurt, sherbet and ice products.




Recognition

The Dippin' Dots Franchising, Inc. brand earned rank 112 and then 175 on the Entrepreneur "Franchise 500" in 2008 and 2009, respectively.

Dippin' Dots had been a frequent target of Sean Spicer. When briefly serving in the role of White House Press Secretary, these tweets resurfaced and received some news coverage.




Charity work

Dippin' Dots has sponsored the "Celebrity Grand Slam Paddle Jam" celebrity table tennis tournament in Hollywood, whose proceeds benefit St. Jude Children's Research Hospital in Memphis, Tennessee.

The company is a contributor to the charity Give Kids the World Village in Kissimmee, Florida.

Source of the article : Wikipedia



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