Land O'Lakes concludes sale of CPI

June 1, 2007
Land O'Lakes Inc has completed the sale of its Cheese & Protein International (CPI) operations, based in Tulare CA, to a United States subsidiary of Saputo

Land O'Lakes Inc has completed the sale of its Cheese & Protein International (CPI) operations, based in Tulare CA, to a United States subsidiary of Saputo Inc. The sale includes substantially all of CPI's cheese manufacturing operations and cut-and-wrap operations, formally known as Golden Valley Dairy Products. The transaction includes a long-term milk supply agreement, under which Land O'Lakes will be the full milk supplier to the CPI facility.

“This sale represents a very important strategic step for our Dairy Foods business, allowing for more focus on our branded, value-added marketing, while also providing a secure long-term milk supply agreement for our members' milk production,” said Chris Policinski, Land O'Lakes president and chief executive officer.

Land O'Lakes will continue to operate cheese producing plants in Tulare and Orland CA, Melrose MN, Denmark WI, and Kiel WI, and a cheese processing facility in Spencer WI.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...

Fleet Industry Benchmarks: How does your fleet stack up?

Discover how your fleet compares to industry benchmarks and gain insights from a 2024 Benchmarking Report on maintenance spend, turnaround time, and more. Join us to identify ...

Build a Tolling Program to Manage Toll Fees and Risks

Fleets looking to effectively manage their operational costs should consider their tolling costs. Download the PrePass whitepaper, “Build a Tolling Program to Manage Toll Fees...

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...