Land O'Lakes Signs Definitive Agreement to Purchase Kozy Shack
Land O'Lakes, Inc., St. Paul, Minn., signed an agreement to acquire Kozy Shack Enterprises, Inc., a Hicksville, N.Y., producer of chilled dairy desserts.
"Kozy Shack is a strong strategic fit with our value-added dairy foods product portfolio,” says Chris Policinski, president and CEO. “This long-time company, known for its strong brand and reputation for quality, opens the door for Land O'Lakes to achieve future growth in the attractive dairy dessert category."
"It is exciting for the 40-plus-year-old Kozy Shack brand to be infused with expanded resources and brand-building focus. The future is bright for the Kozy Shack business as a strategic brand within the Land O'Lakes portfolio," says Robert Striano, president and CEO of Kozy Shack.
Terms of the acquisition were not disclosed. The transaction is subject to customary closing conditions. The deal is expected to close July 31.