About Wells
Wells is a company based in Evans City (United States) founded in 1913 was acquired by Ferrero in December 2022.. The company has 4,077 employees as of December 31, 2022. Wells has completed 2 acquisitions, including Fieldbrook Foods and Halo Top.
- Headquarter Evans City, United States
- Employees 4077 as on 31 Dec, 2022
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Phone
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Website
*********
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Social
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- Legal Name Wells Enterprises Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
4077
as on Dec 31, 2022
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Investments & Acquisitions
Fieldbrook Foods
& 1 more
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Acquired by
Ferrero
(Dec 07, 2022)
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Sales and Marketing
37 people
Software Development Team
26 people
Leadership Team
16 people
Finance and Accounting
15 people
Human Resources and Administration
7 people
Senior Team
7 people
Product Management Team
7 people
Sr. Team
6 people
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Funding Insights of Wells
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2008 | Amount | Grant - Wells | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wells
Wells has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include United States Department of Agriculture and Ferrero. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Leadership is provided on agriculture, food, and rural development matters.
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Founded Year | Domain | Location | |
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Branded confectionery products including chocolates and spreads are manufactured.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wells
Wells has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Fieldbrook Foods and Halo Top. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Ice cream brand
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2012 | ||||
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Manufacturer of ice cream and frozen novelty treats
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Wells
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wells Comparisons
Competitors of Wells
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Wells
When was Wells founded?
Wells was founded in 1913 and raised its 1st funding round 95 years after it was founded.
Where is Wells located?
Wells is headquartered in Evans City, United States. It is registered at Evans City, Pennsylvania, United States.
Who is the current CEO of Wells?
Michael Wells is the current CEO of Wells.
How many employees does Wells have?
As of Dec 31, 2022, the latest employee count at Wells is 4,077.
What does Wells do?
Manufacturer of ice cream and frozen novelty treats. This company produces a variety of ice cream and frozen dessert products under several well-known brands. The manufacturing process emphasizes food safety and quality control. The company also has a history of community involvement and charitable giving. Its operations include a manufacturing facility and distribution network. The business model focuses on producing and distributing high-quality frozen treats to consumers.
How many acquisitions has Wells made?
Wells has made 2 acquisitions, including Fieldbrook Foods, and Halo Top.
Who are Wells's investors?
Wells has 2 investors. Key investors include United States Department of Agriculture, and Ferrero.