Dairy Farmers of America (DFA) has acquired milk-to-juice producer Dairy Maid Dairy in a bid to grow its fluid milk business.
The co-op said the transaction, for an undisclosed sum, meets its strategy to increase its commercial footprint and expand ownership in the fluid and fresh dairy category.
Maryland-based Dairy Maid Dairy is a family-owned processor of milk, juice and fruit drinks. After the transaction, owners Jimmy and Jody Vonas will continue to manage the day-to-day operations of the company.
The firm’s customers include major grocery chains, schools and governmental entities, such as prisons and military installations.
“Despite the change in ownership, there will be no disruption in operations,” DFA said. “It is anticipated that Dairy Maid’s 110 employees will retain their positions and milk procurement will not be disrupted, ensuring quality products and service continue for Dairy Maid’s customers.”
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By GlobalData