Announced
Completed
Financials
Tags
Completed
Acquisition
dairy products
Single Bidder
United States
Private
Food Products
Majority
Domestic
Friendly
Synopsis
Hiland Dairy, a provider of fresh, high-quality dairy products throughout the Midwest, completed the acquisition of Borden Dairy Texas, a producer and distributor of dairy products. Financial terms were not disclosed. "We were pleased to announce that we have reached an agreement with Hiland Dairy Foods to acquire or assume the leases of our Texas operation assets. The assurance from Hiland Dairy to retain the employees and continue business as usual confirmed that this would be a good fit," Pat Boyle, said Pat Boyle, Borden Dairy President.
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