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Contact:                                                                     FOR IMMEDIATE RELEASE

Carrie Cardoza Bordona                                                       August 27, 2009

Cardoza & Associates, Inc.

209-581-2274 (cell)

carrie@gocardoza.com         

 

 

FOSTER FARMS DAIRY BID TO ACQUIRE

HUMBOLDT CREAMERY ASSETS FINALIZED

 

MODESTO, Calif. — Today the sale of certain assets of Humboldt Creamery to Foster Dairy Farms of Modesto, California was finalized.  The assets sold include the company’s processing plant in Fernbridge, California and the frozen distribution center in Stockton, California.  The integration of the two businesses has been in the works for the past two weeks.

The two companies complement each other well.  Each brings unique customers and capabilities to the merger along with the same commitment to the highest quality products and excellent customer service. “The Humboldt Creamery business is a great compliment to our existing business,” commented Jeff Foster, CEO and President of Foster Farms Dairy. “We look forward to the opportunity to grow this business going forward.”

Foster Farms Dairy is family owned and has been operating in California since 1941.  The company is led by Jeff Foster, grandson of the founders.  Foster Farms Dairy produces fluid milk, juices, butter, ice cream, cottage cheese, sour cream, and powdered milk under multiple brands including the Crystal dairy brand.  Founded more than 70 years ago, Humboldt Creamery also has a long history of providing the highest quality, local dairy products.  Foster Farms Dairy is excited about the opportunity to expand the Humboldt Creamery brand, already established as a quality dairy brand, into new markets and new customers.

 

About Foster Farms Dairy

Foster Farms Dairy is family owned and has been operating in California since 1941.  Today the company is led by Jeff Foster, grandson of the founders.  Almost seventy years after its founding, Foster Farms Dairy is still committed to the same principles that founders Max and Verda were when they started the business: excellence, honesty, quality, service and people.  Producer of a full line of products including milk, cottage cheese, sour cream, ice cream, and butter the Dairy remains committed to animal welfare and environmental sustainability.  Producer of Crystal brand dairy products, Foster Farms Dairy is proud of its long history of providing its customers the freshest, local dairy products possible.


 




Contact:                                                                     FOR IMMEDIATE RELEASE

Carrie Cardoza Bordona                                                       August 13, 2009

Cardoza & Associates, Inc.

209-581-2274 (cell)

carrie@gocardoza.com         

 

 

COURT APPROVES FOSTER DAIRY FARMS’ BID TO ACQUIRE

HUMBOLDT CREAMERY ASSETS

 

MODESTO, Calif. — On August 13, 2009 the bankruptcy judge in Santa Rosa, CA conditionally authorized the sale of certain assets of Humboldt Creamery to Foster Dairy Farms of Modesto, California.  The assets sold include the company’s processing plant in Fernbridge, California and the frozen distribution center in Stockton, California.  The transaction is expected to close on August 26, 2009.  The condition of a final sale is approval of a term sheet among the creditor’s committee and Humboldt’s bank lending group on August 25, 2009. 

“The Humboldt Creamery assets are a great complement to our existing business,” commented Jeff Foster, CEO and President of Foster Dairy Farms. “We look forward to building an integrated business that carries forward our longstanding tradition of quality products and excellent service.”

Foster Dairy Farms is family owned and has been operating in California since 1941.  The company is led by Jeff Foster, grandson of the founders.  Foster Dairy Farms produces fluid milk, juices, butter, ice cream, cottage cheese, sour cream, and powdered milk under multiple brands including the Crystal dairy brand.  The company is looking forward to expanding its reach to include the Humboldt Creamery assets. 



About Foster Farms Dairy

Foster Dairy Farms is family owned and has been operating in California since 1941.  Today the company is led by Jeff Foster, grandson of the founders.  Almost seventy years after its founding, Foster Dairy Farms is still committed to the same principles that founders Max and Verda were when they started the business: excellence, honesty, quality, service and people.  Producer of a full line of products including milk, cottage cheese, sour cream, ice cream, and butter the Dairy remains committed to animal welfare and environmental sustainability.  Producer of Crystal brand dairy products, Foster Dairy Farms is proud of its long history of providing its customers the freshest, local dairy products possible.