Thursday, January 25, 2007
Cargill announces purchase agreement with Mountaire Feeds
Cargill Animal Nutrition has signed a purchase agreement with Mountaire Feeds Inc. to purchase certain assets of Mountaire’s feed milling and animal health business, including its Prime Quality feed brand. It is anticipated that the sale will be finalized this month.
According to officials from both companies, the deal will enable Cargill to combine its nutritional technology and management systems with the Prime Quality brand’s strong customer base and market presence.
“Cargill is committed to the growth of its animal nutrition business, and we see great opportunity in the Mid-South marketplace,” stated Tom Taylor, general manager of Cargill’s Kansas City animal nutrition business, which will now include the Prime Quality brand. “The Prime Quality brand strategically fits with our goals, particularly in the distribution of farm-store products. It is a well recognized brand that has been developed over the years. Cargill is committed to continuing the relationship with Prime Quality dealers and their customers, building upon its rich brand value while applying our research and development expertise to lead us into the future. The Prime Quality brand provides a complement of talented people, strong brands and geographic distribution to support our growth objective.”
Cargill is constructing a new facility in Byhalia on Highway 178.
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