Swisher Hygiene

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This article is about the former Canadian frozen dessert company. For the UK branding initiative, see CoolBrands (branding initiative).
Swisher Hygiene Inc.
Type Public
Traded as NASDAQSWSH
TSXSWI
Industry Food Specialty Stores
Headquarters Markham, Ontario, Canada
Key people Michael Serruya
Website www.coolbrandsinc.com

Swisher Hygiene Inc. is a company based in Markham, Ontario, Canada. Swisher Hygiene trades on the Nasdaq and the Toronto Stock Exchange. Swisher's Interim President and CEO is Thomas Byrne, Byrne was previously the President of Viacom and Vice Chairman of Blockbuster Video, where he was partners with Wayne Huizenga. Wayne Huizenga is the Chairman of the Board of Swisher Hygiene.

CoolBrands International[edit]

The company originally named CoolBrands International Inc., with its core business was in the frozen desserts sector, and where it owned or held exclusive long-term licenses for a variety of brands, including Eskimo Pie, Chipwich, Weight Watchers, Godiva, Tropicana, Betty Crocker, Trix, Yoo hoo, Welch's and others. It was known for its Eskimo Pie and Chipwich brands, which in February 2007, CoolBrands announced the sale of to the Dreyer's division of Nestlé.[1]Subsequently, CoolBrands announced the sale its DSD (Direct Store Delivery) business, which at the time was the second largest DSD system in the United States. CoolBrands International Inc. also sold of its Whole Fruit business to J&J Snacks. In 2007 CoolBrands International Inc. also sold its Breyers yogurt business, along with its 175,000 square foot manufacturing facility in upstate New York to Catterton Partners for $65,000,000.[2]

Swisher Hygiene[edit]

CoolBrands had sold its operating business in 2007 and subsequently merged with Swisher Hygiene Inc. in 2010. On November 2, 2010, Swisher completed a merger with and into CoolBrands International Inc., whereby it became a publicly traded company. CoolBrands had previously sold its operating business in 2007 and since that time had been looking for the right business combination whereby the shareholders of CoolBrands and the surviving company could benefit from the strength of CoolBrand's balance sheet coupled with the fact that CoolBrands was publicly traded. On November 15, 2012 Swisher Hygiene announced the sale of its waste business for $125,000,000 in cash.[3]

References[edit]

  1. ^ CoolBrands press release announcing sale of Eskimo Pie and Chipwich
  2. ^ [1]
  3. ^ http://www.stockhouse.com/news/canadianreleasesdetail.aspx?n=8671779

External links[edit]