Cascade Dairy Holdings completes Columbia Basin Dairy Holdings acquisition
Cascade Dairy Holdings has completed a 51% stake acquisition in Columbia Basin Dairy Holdings, which has a 60 cow dairy herd.
With the acquisition, Cascade Dairy is expected to generate a revenue $264,384 per annum.
Cascade Dairy Holdings president and CEO Ryan Coulston said: "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."
The company is planning to make more strategic acquisitions in the near future to make Cascade Dairy a competitive player in the multi-billion dollar dairy industry.