Halydean Signs Letter of Intent to Acquire Food Distribution and Export Trade Company

HAYWARD, WI — (Marketwired) — 06/07/16 — Halydean Corporation, a privately held dairy and beef farm investment group, announced it has signed a letter of intent to merge with a U.S.-based food distribution and export trade company that specializes in retail food service and industrial food sales.

This food distribution and export trade company, with offices in North America, had 2015 revenues of $27.5 million. It sells and ships beef, pork, chicken, turkey and dairy products to domestic and international markets. It is also a leader in supply chain management, with expertise in seamless transactions and strategic process controls for international shipping and documentation.

Halydean Corporation Chairman and CEO Ron Braatz said, “I have an extensive working relationship with this U.S.-based food distribution and export trade company owner. This merger will bring world-class talent to our management team while accomplishing our goal to vertically integrate global food distribution. We believe this merger will expedite and enhance our objective to work with industry leading, family-owned dairy farms to create success through a cooperative effort, economies of scale, powerful technology and expansion opportunities.”

Halydean focuses on acquiring farms with an average of $34 million in assets and that are among the top five percent of America’s dairy farms in terms of premier management and facilities, farms with animal husbandry practices and milk production that denote them as being first rate.