Dairy cooperatives Prairie Farms Dairy and Swiss Valley Farms have announced a merger agreement that will merge Swiss Valley Farms into Prairie Farms Dairy. The two cooperatives said last week that the agreement would bring together two well-known brands and expand sales opportunities. Prairie Farms Dairy will acquire five manufacturing plants in Iowa, Minnesota, and Wisconsin. If approved, the deal is expected to close mid-2017.
Prairie Farms Dairy represents more than 600 farm families and 35 manufacturing plants with annual sales over $3 billion. Prairie Farms Dairy is based in Carlinville, Illinois, while Swiss Valley Farms is headquartered in Davenport, Iowa.
Source: NAFB News Service