Complex sentence: CoolBrands, the country's second-largest ice cream distributor, bought it in 2002, and sold it in 2007 to Dreyer's division of Nestlé, which has stopped production of the original Chipwich because it competed with its own chocolate chip cookie ice cream sandwich.
Split into simpler sentences: CoolBrands, the country's second-largest ice cream distributor, bought Chipwich in 2002, selling it in 2007 to Dreyer's division of Nestlé. Nestlé stopped production of the original Chipwich because it competed with its own chocolate chip cookie ice cream sandwich.