Date:
Jan. 4, 2007
Contact:
David Feider, (952) 742-6910, david_feider@cargill.com
Elizabeth Becklin (952) 984-0115, elizabeth_becklin@cargill.com
Cargill announces purchase agreement with Mountaire Feeds, Inc.
NORTH LITTLE ROCK, Ark. — Cargill Animal Nutrition has signed a purchase agreement
with Mountaire Feeds, Inc. to purchase certain assets of Mountaire’s feed milling and animal
health business, including its Prime Quality feed brand. It is anticipated that the sale will be
finalized early this month.
According to officials from both companies, the deal will enable Cargill to combine its
nutritional technology and management systems with the Prime Quality brand’s strong customer
base and market presence.
“Cargill is committed to the growth of its animal nutrition business, and we see great
opportunity in the Mid-South marketplace,” stated Tom Taylor, general manager of Cargill’s
Kansas City animal nutrition business, which will now include the Prime Quality brand. “The
Prime Quality brand strategically fits with our goals, particularly in the distribution of farm-store
products. It is a well-recognized brand that has been developed over the years. Cargill is
committed to continuing the relationship with Prime Quality dealers and their customers,
building upon its rich brand value while applying our research and development expertise to lead
us into the future. The Prime Quality brand provides a complement of talented people, strong
brands and geographic distribution to support our growth objective.”
“Prime Quality Feeds has strived to provide good quality and service at fair prices to all of our
customers for over 92 years,” said Ronald Cameron, chairman, Mountaire Corporation. “This
transition will allow our customers to continue to be served with Prime Quality products for
many years to come. We will work hard to make this a seamless transition for all concerned.”
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A business unit of Cargill, Incorporated, Cargill Animal Nutrition