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LAND O'LAKES WESTERN FEEDS, DARIGOLD FEEDS COMBINE

 LAND O'LAKES WESTERN FEEDS, DARIGOLD FEEDS COMBINE
 SEATTLE, May 27 /PRNewswire/ -- Land O'Lakes Western Feed operations


and Darigold Feeds today announced the signing of a letter of intent by which the feed operations of both companies in the Pacific Northwest would be combined.
 Under terms of the proposed agreement, Land O'Lakes Western Feed, a division of Land O'Lakes, Inc., headquartered in Minnesota, will lease the Darigold feed assets and manage the combined feed operations. Profits from the combined business will be shared by Land O'Lakes and Darigold. No changes in brands are anticipated.
 The proposal has been approved by the Darigold and Land O'Lakes boards of directors.
 "We believe that by joining the Darigold feed business with our Western feed operation we will be able to achieve some important economies of scale and manage the overall operation more efficiently," said Jack Gherty, Land O'Lakes president and chief executive officer.
 "As organizations whose origins and focus have been to serve efficient agriculture producers, both Darigold and Land O'Lakes have developed quality feed operations. Operating these businesses within a single entity will permit us to maintain and improve feed quality and enhance service to farmers and dealers," said Wes Eckert, president of Darigold.
 Representatives of Darigold and Land O'Lakes pointed out that only the feed businesses are being consolidated and no impact is expected on Darigold's milk business.
 It is anticipated the transaction will become effective by midsummer.
 -0- 5/27/92 R
 /CONTACT: Don Hoggarth of Land O'Lakes Western Feed, 206-282-2451, Terry Nagle of Land O'Lakes, 612-481-2271, or Bob Lukaris of Darigold, 206-286-6824/ CO: Land O'Lakes, Inc.; Darigold Feeds ST: Washington, Minnesota IN: SU:


GK-SM -- MN015R -- 4661 05/28/92 10:44 EDT
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Publication:PR Newswire
Date:May 28, 1992
Words:282
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