Complex sentence: On December 16,1997, Fieldbrook Farms acquired the assets of Deering Ice Cream, which was founded in 1886, and on May 3,1999, Fieldbrook Farms acquired the ice cream production assets of Kinnett Dairy which was founded in 1908.
Split into simpler sentences: On December 16,1997, Fieldbrook Farms acquired the assets of Deering Ice Cream, Deering was founded in 1886. On May 3,1999, Fieldbrook Farms acquired the ice cream production assets of Kinnett Dairy, Kinnett was founded in 1908.