Horizon Family Brands to Grow Better-for-You Portfolio With Maple Hill Creamery Purchase
Horizon Family Brands will acquire organic dairy company Maple Hill Creamery.
The transaction will expand Horizon's dairy portfolio, which currently includes Horizon Organic and Wallaby Organic milk, cheese, butter and cream products.
Maple Hill Creamery was founded in 2009 and promotes 100% grass-fed, organic dairy products and regenerative agriculture practices.
"This acquisition represents an exciting step forward for Horizon as we continue to advance our strategic objectives and invest in better-for-you brands," Tyler Holm, CEO of Horizon Family Brands, said in a statement, adding that Maple Hill's growth across customers and channels aligns with Horizon's capabilities and vision for the future.
The companies will leverage complementary supply chain capabilities to improve efficiency and resilience for the combined operations. Additionally, by combining resources, the companies said they will be able to accelerate product development and drive new innovation opportunities.
The Horizon and Maple Hill leadership teams said they will focus on the strengths of the respective brands while unlocking new opportunities for shared success.
The deal comes after the company rebranded its trade name from Horizon Organic Dairy earlier this year to reflect its portfolio optimization strategy.
"We are excited to nurture and grow the two terrific brands that we have in Horizon Organic and Wallaby, while also actively pursuing the addition of other better-for-you brands that align with the portfolio we aspire to build," Holm said in a previous statement. "Ideally, in the next three to five years, our portfolio will consist of additional similar brands."
