Farm Fresh, Inc. Signs Definitive Agreement to Sell Dairy Operations

Apr 16, 2001, 01:00 ET from Farm Fresh, Inc.

    OKLAHOMA CITY, April 16 /PRNewswire/ -- Oklahoma City-based Farm Fresh,
 Inc. announced today it has signed a Definitive Agreement for Hiland Dairy
 Company L.L.C. to purchase substantially all of the assets and business
 associated with the Farm Fresh Dairy Division, including the fluid production
 facility in Chandler, Oklahoma.  Farm Fresh, Inc. expects to complete the
 transaction on or about May 1, 2001.  The amount of the sale was not
 disclosed.
     The sale of the dairy division business will not directly impact the
 Lawton-based bakery division of Farm Fresh.  The company plans to continue
 ownership and operation of the bakery division as a separate business entity,
 licensing the Farm Fresh name from Hiland Dairy Company LLC for branding and
 marketing purposes.
     Founded in 1974, and employing over 500 people, Farm Fresh produces and
 markets milk, ice cream, cultured dairy products, water, juices and bakery
 products to a variety of trade channels including; supermarkets, convenience
 stores, schools, military bases, restaurants and health care facilities in
 Arkansas, Kansas, Missouri, Oklahoma and Texas.
     The state-of-the-art dairy processing facility in Chandler, Oklahoma is
 one of the newest plants in the United States and a national model.  The plant
 employs more than 300 people dedicated to producing some of the finest dairy
 products on the market today.  Milk, cottage cheese, yogurts, ice cream, and a
 variety of beverages are just a few of the product categories produced.
     Hiland Dairy Foods Company L.L.C., headquartered in Springfield, Missouri,
 began operations in 1938.  They currently employ over 1,000 people who
 manufacture and sell a full line of dairy products including fluid milk, ice
 cream, butter, yogurt, cottage cheese, dips, sour cream, juice, bottled water,
 and drinks.
     In 1955, Hiland became a member of the Quality Chekd Association, which is
 the largest international cooperative of dairy processing companies of its
 kind.  Along with the Hiland label, the red and blue trademark for Quality
 Chekd offers a second assurance for the customer that they are receiving the
 best possible freshness, taste, and quality of product.
     Hiland currently has five manufacturing plants located in Wichita, Kansas;
 Fayetteville, Arkansas; Ft. Smith, Arkansas; Norman, Oklahoma; and their
 headquarters in Springfield, Missouri.  In addition to the manufacturing
 plants, Hiland has twenty-six distribution sites located over a six-state area
 including Arkansas, Oklahoma, Missouri, Kansas, Colorado, and Texas.
     The Farm Fresh Bakery in Lawton, Oklahoma employs 100 people and produces
 a wide variety of quality-baked goods including breads, rolls and buns.  The
 Long Company, a Chicago-based consultant to the wholesale baking and food
 industries since 1900, recently named it an international "Ten Best".  The
 bakery competed in a year-long contest among 80 bakeries in the United States,
 Canada and South America.  In addition, Farm Fresh' white sandwich bread was
 ranked #1 in 2000 among bakeries operating across the United States in monthly
 competitions conducted by the Long Company.
 
 

SOURCE Farm Fresh, Inc.
    OKLAHOMA CITY, April 16 /PRNewswire/ -- Oklahoma City-based Farm Fresh,
 Inc. announced today it has signed a Definitive Agreement for Hiland Dairy
 Company L.L.C. to purchase substantially all of the assets and business
 associated with the Farm Fresh Dairy Division, including the fluid production
 facility in Chandler, Oklahoma.  Farm Fresh, Inc. expects to complete the
 transaction on or about May 1, 2001.  The amount of the sale was not
 disclosed.
     The sale of the dairy division business will not directly impact the
 Lawton-based bakery division of Farm Fresh.  The company plans to continue
 ownership and operation of the bakery division as a separate business entity,
 licensing the Farm Fresh name from Hiland Dairy Company LLC for branding and
 marketing purposes.
     Founded in 1974, and employing over 500 people, Farm Fresh produces and
 markets milk, ice cream, cultured dairy products, water, juices and bakery
 products to a variety of trade channels including; supermarkets, convenience
 stores, schools, military bases, restaurants and health care facilities in
 Arkansas, Kansas, Missouri, Oklahoma and Texas.
     The state-of-the-art dairy processing facility in Chandler, Oklahoma is
 one of the newest plants in the United States and a national model.  The plant
 employs more than 300 people dedicated to producing some of the finest dairy
 products on the market today.  Milk, cottage cheese, yogurts, ice cream, and a
 variety of beverages are just a few of the product categories produced.
     Hiland Dairy Foods Company L.L.C., headquartered in Springfield, Missouri,
 began operations in 1938.  They currently employ over 1,000 people who
 manufacture and sell a full line of dairy products including fluid milk, ice
 cream, butter, yogurt, cottage cheese, dips, sour cream, juice, bottled water,
 and drinks.
     In 1955, Hiland became a member of the Quality Chekd Association, which is
 the largest international cooperative of dairy processing companies of its
 kind.  Along with the Hiland label, the red and blue trademark for Quality
 Chekd offers a second assurance for the customer that they are receiving the
 best possible freshness, taste, and quality of product.
     Hiland currently has five manufacturing plants located in Wichita, Kansas;
 Fayetteville, Arkansas; Ft. Smith, Arkansas; Norman, Oklahoma; and their
 headquarters in Springfield, Missouri.  In addition to the manufacturing
 plants, Hiland has twenty-six distribution sites located over a six-state area
 including Arkansas, Oklahoma, Missouri, Kansas, Colorado, and Texas.
     The Farm Fresh Bakery in Lawton, Oklahoma employs 100 people and produces
 a wide variety of quality-baked goods including breads, rolls and buns.  The
 Long Company, a Chicago-based consultant to the wholesale baking and food
 industries since 1900, recently named it an international "Ten Best".  The
 bakery competed in a year-long contest among 80 bakeries in the United States,
 Canada and South America.  In addition, Farm Fresh' white sandwich bread was
 ranked #1 in 2000 among bakeries operating across the United States in monthly
 competitions conducted by the Long Company.
 
 SOURCE  Farm Fresh, Inc.