California Gold Moves Closer to Merger With Dairy Farmers of America; Merger Recommendation Goes to the Membership for a Vote.PETALUMA, Calif.--(BUSINESS WIRE)--Nov. 14, 1998--The California Gold California Gold were an American soccer team, founded in 1998. The team was a member of the United Soccer Leagues Premier Development League (PDL), the fourth tier of the American Soccer Pyramid, until 2006, when the team left the league and the franchise was terminated. Board of Directors today took a significant step toward solidifying a business relationship with Dairy Farmers of America Dairy Farmers of America (DFA) is an agricultural marketing cooperative owned by about 19,514 members (dairy farmers) representing 11,306 farms in the United States representing one-third of the US milk supply. In 2006 it had $7,898,824,000 in sales. (DFA DFA - Deterministic Finite-state Automaton. See Finite State Machine. ) by unanimously approving the signing of a formal merger agreement. The merger proposal will be presented to the membership of California Gold for a vote. If the majority of members approve the merger, California Gold will become a part of the largest milk marketer in the world. "We have carefully studied the potential this merger would bring to our membership and strongly believe that joining forces with DFA would enhance California Gold's ability to serve the needs of our membership through new products and services that the cooperative could not offer as a stand alone entity," expressed Steve Hofman, California Gold Chairman of the Board. Each member of California Gold will be mailed a packet including information on the proposed merger and a ballot for voting. A series of meetings will be held throughout the geographic area during the week of November 16 to respond to member questions and concerns. Completed ballots are due to California Gold on December 2. DFA is the country's largest dairy cooperative with more than 24,000 members representing some 18,000 dairies in 43 states throughout the United States. DFA's dairy members market and process more than 34 billion pounds of milk annually, supplying fluid and manufacturing customers (and its own plants) with raw milk, dairy products and food components. DFA is the exclusive producer of cheese products under the Borden's label. California Gold is one of the state's oldest dairy cooperatives representing more than 330 farmers in California and Nevada. With an annual milk supply of 2.5 billion pounds, the cooperative markets to bottling plants and produces American and Italian natural cheeses, cream, condensed con·dense v. con·densed, con·dens·ing, con·dens·es v.tr. 1. To reduce the volume or compass of. 2. To make more concise; abridge or shorten. 3. Physics a. and skim milk skim milk n. The milk from which the cream has been removed. skim milk the residue from whole milk after the cream has been skimmed off. In today's usage it is the residue after the butterfat is removed. products, nonfat dry milk Noun 1. nonfat dry milk - dehydrated skimmed milk dried milk, dry milk, milk powder, powdered milk - dehydrated milk , whey protein whey protein, n soluble protein found in milk whey that has been clotted by rennin, examples of which include alpha-lactalbumin, lactoglobulin, and lactoferrin. , whey protein concentrate and other ingredients. The cooperative owns four manufacturing plants in Hughson, Petaluma, Tracy and Turlock. |
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