Dairy Farmers of America (DFA), the largest dairy cooperative in the US, has acquired Oakhurst Dairy, a family-owned, New England dairy processor, for an undisclosed sum.
Until last week, Oakhurst Dairy, which manufactures and markets a wide range of branded dairy products including fresh, fortified and flavoured milk, cream, butter, and cottage cheese, had been controlled by the Bennett family for more than 90 years.
Following the takeover, the Bennett family will continue to manage day-to-day operations, and the company's 200 current employees will retain their positions, Missouri-based DFA said in a statement.
“The Bennett family has established Oakhurst as a trusted local brand known for its long-lasting commitment to quality, integrity and freshness,” said Alan Bernon, president of DFA’s affiliate division.
“We are pleased to have them join us and are glad the Bennett family will continue to manage operations. As a company committed to doing the right thing for their suppliers, customers, employees and community, the Oakhurst and Dairy Farmers of America values align," said Bernon.
Oakhurst will continue to source its milk from the same 70 independent Maine farmers that currently supply it, the DFA statement added.