California Dairies Acquires Milk Marketing Cooperative
California Dairies, Inc. (CDI), Visalia, Calif., acquired certain assets of Security Milk Producers Association (SMPA), a Chino, Calif., milk marketing cooperative, effective Jan. 1, 2013.
The SMPA and CDI board of directors determined that the member-owners of both cooperatives would be better served by promoting efficiencies gained by combining their memberships. With this in mind, the SMPA membership voted to dissolve its current management contract and to submit applications for membership in CDI.
“On behalf of the CDI board of directors and management, I would like to warmly welcome the members of SMPA to the CDI family,” says Andrei Mikhalevsky, president and CEO of CDI. “The addition of SMPA members to the CDI membership fits well with CDI’s growth strategy. Increasing milk supplies will strengthen CDI’s market position to the benefit of its member-owners, both old and new, through a continued positive return on investment.”