The Dairy Farmers of America (DFA) announced an agreement with Agropur for the acquisition of their St. Paul, Minnesota, facility.
“DFA is a tremendous organization with strong cultural and business ideations that marry well with those of Agropur’s cooperative roots. Our focus has been and will always be meeting the needs of our customers and being strategic in our investments toward complementary growth areas. This transaction is well aligned with long-term strategic plans for both parties,” stated Doug Simon, President of Agropur inc., concerning the sale.
With the addition of the new facility, the DFA will expand its extended shelf-life capabilities and introduce aseptic processing for the first time as a business. “This acquisition offers an opportunity to grow our customer base while strengthening our processing capabilities for existing customers and diversifies our product portfolio,” explained Pat Panko, Senior Vice President and Chief Operating Officer for DFA’s Fluid Milk and Ice Cream Division, in a recent press release.
The deal should come to a close in January of next year, with employees and management retaining their existing positions at the facility. According to the press release, the acquired facility produces a “variety of fresh, extended shelf-life and aseptic dairy products for well-known grocery store chains and organic milk brands.”
Deli Market News will continue to report on the latest industry acquisitions and news.