Mexico’s Top Ice Cream Cone Maker Bought by US Firm

September 30, 2016

1 Min Read
Mexico’s Top Ice Cream Cone Maker Bought by US Firm
Joy Cone Company, the world's largest ice cream cone maker, just got a bit bigger. Image courtesy of Flickr user hkokko

The world’s largest ice cream cone company just got a bit bigger. Joy Cone Company, the number one food service and retail brand of cones in the U.S., announced the acquisition of Mexico’s largest ice cream cone producer Altesa in a press release Friday. The company also said it closed a transaction to acquire BoDeans Baking Group, an American maker of novelty ice cream cones, wafers and other products.

“Altesa’s new, state-of-the-art manufacturing facility near Mexico City is well-positioned for growth throughout Mexico and Central America,” the Hermitage, PA-based company’s release said.

With the acquisitions, Joy Cone Company said the company will be 100% employee-owned under an ESOP plan.

“BoDeans Baking Group’s manufacturing excellence in wafers and cookie inclusions is a particular exciting area of growth, as the combined company continues its expansion and offers a range of unique specialty bakery items to a greatly enhanced customer base,” said Joy Cone Company’s president and chief executive officer David George in a company press release.

Joy Cone Company was established in 1918 and bakes more than 1.5 billion ice cream cones each year.

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