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Announced

Completed

Hiland Dairy completed the acquisition of Borden Dairy Texas.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Acquisition

dairy products

Single Bidder

United States

Private

Food Products

Majority

Domestic

Friendly

Synopsis

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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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