Knudsen Foods Acquires Meyer Dairy of Kansas
Knudsen Foods Inc., the flagship subsidiary of Winn Enterprises of Anaheim, said Wednesday that it acquired Meyer Dairy Inc. of Basehor, Kan., for $3.1 million in cash and notes.
The Meyer acquisition comes just 10 weeks after Los Angeles-based Knudsen more than doubled its size and expanded its sales from California to a third of the nation by buying Foremost Dairies for $50 million in cash and notes.
Anthony W. Harris, Knudsen’s vice president of corporate affairs, said that although Meyer will add only about $26 million to Knudsen’s estimated $1.2 billion in annual sales, the acquisition is strategically significant because it will give Knudsen its first presence in various parts of Kansas and Missouri, and most importantly in Kansas City.
“We still are in the position of looking at expansion opportunities as they occur,” Harris said Wednesday, although he said the company has no other negotiations in the works.
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