Wells Enterprises will "refinance" to fund expansion - KTIV News 4 Sioux City IA: News, Weather and Sports

Wells Enterprises will "refinance" to fund expansion

LE MARS, Iowa (KTIV) -

Back in August, Wells Enterprises announced it was looking for ways to raise money to expand and become the "number one ice cream company in America" by 2020.

What made some people nervous were the ways the family-owned company was talking about raising that capital, like bringing in outside investors.

In a statement from the Le Mars-based company, Wells said its shareholders concluded that refinancing would best support its objectives for growth.

The same statement says the company won't make any changes to its ownership, and will remain a privately-held, and family-owned company.

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