Martin Ice Cream Company - Page 5

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            develop relationships with the owners and managers of several                               
            supermarket chains when he conceived an innovative packaging and                            
            sales campaign that used bright colors and catchy slogans to                                
            market ice cream products to supermarkets for resale to                                     
            consumers.  Ice cream had hitherto been sold by supermarkets to                             
            consumers as an undifferentiated product in large containers and                            
            multiserving packages with plain brown wrappers.  Arnold                                    
            subsequently developed other packaging ideas for ice cream                                  
            products that helped supermarkets sell ice cream products under                             
            their private labels.  Even with different kinds of packaging,                              
            supermarkets marketed ice cream to consumers mainly on the basis                            
            of price.  In the late 1960's, Arnold had a falling-out with his                            
            major supplier, Eastern Ice Cream, which forced Arnold’s Ice                                
            Cream into bankruptcy.                                                                      
                  In 1971, Martin and Arnold organized MIC as a part-time                               
            business, with one delivery truck, distributing ice cream to                                
            small grocery stores and food service accounts (restaurants,                                
            hotels, and clubs) in northern New Jersey.  Martin joined the                               
            business after having completed virtually all requirements for a                            
            Ph.D. in statistics and after spending several years doing                                  
            operations research and statistical analysis as an employee of                              
            large corporations.  In 1975, Martin began working in the ice                               
            cream distribution business full time.  During most of the                                  
            1970's, Arnold owned no stock in MIC because he wished to avoid                             
            the claims of creditors of Arnold’s Ice Cream.  In 1979, Arnold                             




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Last modified: May 25, 2011