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Prairie Farms Dairy acquires SmithFoods to expand its dairy footprint

Oct 02, 2024•about 1 year ago

Acquiring Company

Prairie Farms Dairy, Inc.

Acquired Company

SmithFoods

EdwardsvilleOrrvilleManufacturingFood ProcessingFood and BeverageRetailAgriculture and FarmingManufacturing

Description

St. Louis-based Prairie Farms Dairy has completed the acquisition of SmithFoods, a family-owned dairy company headquartered in Orrville, Ohio. Prairie Farms Dairy aims to seamlessly integrate SmithFoods into its operations without any disruptions to manufacturing, delivery services, or day-to-day activities. The acquisition allows Prairie Farms to expand its Ohio footprint and offer the same local dairy products and community support as expected from SmithFoods.

Company Information

Company

Prairie Farms Dairy, Inc.

Location

3744 Staunton Road

Edwardsville, Illinois, United States

About

Prairie Farms Dairy, Inc. is one of the largest and most successful dairy cooperatives operating in the Midwest and the South. Elements of the cooperative include more than 600 farm families, 7,000 associates, 47 manufacturing plants, 100+ distribution facilities, and annual sales of over $4.6 billion. Prairie Farms is a nationally recognized leader in the dairy industry known for setting the standard for milk flavor innovations and producing award-winning milk, cheese, and cultured dairy products.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed