Cascade Dairy Holdings Inc., Othello, Wash., acquired Columbia Basin Dairy Holdings, LLC, and changed its name to Cascade Dairy Holdings Inc.
The company will begin to sell the milk produced by a 60-cow dairy herd immediately.
"Our acquisition of the controlling interest of Columbia Basin Dairy Holdings and the 60-cow dairy herd is positive progress for Cascade Dairy Holdings. Our herd will now be contracted to another milking operation, while we currently work on plans to acquire our own dairy operation," says Ryan Coulston, president and CEO of Cascade Dairy Holdings. "I am also glad to report that within a very short period of time, we have demonstrated our ability to acquire revenue-producing assets. However, this is just the first of a series of acquisitions we have targeted, which we believe, if completed, will allow us to substantiate Cascade Dairy Holdings, Inc. as a competitive player in the multi-billion dollar dairy industry. We also want shareholders to have confidence that we are not contemplating any type of changes to the share structure of the company in the form of any stock splits at this time. Our sole primary focus is to build our core operations through strategic acquisitions, the development of those operations and multiple revenue streams."