Industry News

Halydean Signs Letter of Intent Acquiring Food Distribution and Export Trade Company

Halydean Corporation

June 07, 2016 12:33 ET
 

HAYWARD, WI--(Marketwired - Jun 7, 2016) - Halydean Corporation, a privately held dairy and beef farm investment group, announced it has signed a letter of intent to merge with a U.S.-based food distribution and export trade company that specializes in retail food service and industrial food sales.

This food distribution and export trade company, with offices in North America, had 2015 revenues of $27.5 million. It sells and ships beef, pork, chicken, turkey and dairy products to domestic and international markets. It is also a leader in supply chain management, with expertise in seamless transactions and strategic process controls for international shipping and documentation.

Halydean Corporation Chairman and CEO Ron Braatz said, "I have an extensive working relationship with this U.S.-based food distribution and export trade company owner. This merger will bring world-class talent to our management team while accomplishing our goal to vertically integrate global food distribution. We believe this merger will expedite and enhance our objective to work with industry leading, family-owned dairy farms to create success through a cooperative effort, economies of scale, powerful technology and expansion opportunities."

Halydean focuses on acquiring farms with an average of $34 million in assets and that are among the top five percent of America's dairy farms in terms of premier management and facilities, farms with animal husbandry practices and milk production that denote them as being first rate.

To find out if your dairy farm is eligible for a merger with Halydean Corporation, please visit www.Halydean.com for more information.

About The Company
Halydean Corporation is an agricultural land holding company that specializes in dairy and beef production. The company's focus is to consolidate the dairy industry through vertical and horizontal integration, acquiring farms with a mixture of stock and cash, with an emphasis on expanding dairy and beef production for capital appreciation for shareholders and reinvestment in company growth. The company has more than 100 years of industry leadership experience. Through holding simple, safe assets like grazing land and cattle, the company could profit as the fragmented dairy industry consolidates for cost-to-scale improvements in efficiency and focus on solid business fundamentals. More information can be found at www.halydean.com.

This press release does not constitute an offer of any securities for sale.

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

Contact Information

Contact:

Kristine "Kathy" Walczak

Dresner Corporate Services

312.726.3600
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The information on this website does not constitute an offer of any securities for sale. This website contains certain forward-looking statements. These forward looking statements involve certain risks & uncertainties that could cause actual results to differ, including, without limitation, the company’s limited operating history & history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual  results to differ materially from those contained in he company’s projections or forward-looking statements.  All forward looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date this information was made available.