BRIDGETON — Cumberland Dairy, a family-owned processor of ultra-pasteurized dairy products, has been purchased by Dairy Farmers of America, a national dairy cooperative owned by family farmers.
The price of the deal, announced earlier this month on the DFA website, was not disclosed.
Charles Catalana founded the company in 1933 as a milk plant, but it has grown to become a national supplier of quick-service restaurants such as McDonald’s and Wawa convenience stores.
The business, which has 180 employees, will continue to operate as Cumberland Dairy and workers will retain their current positions, officials said in a press release. The existing management team will still run daily operations, customer relations, milk procurement and production.
“For 85 years, Cumberland Dairy has been intently focused on our mission to deliver high-quality products and dedicated service to our loyal customers,” said Carmine Catalana IV, president of Cumberland Dairy. “Looking ahead, a future with DFA means that we can continue to focus on our values as a company while accelerating our opportunities for growth. This is a very exciting time for the entire Cumberland Dairy family, and we look forward to this next chapter with DFA.”
Innovation Foods LLC, a juice and beverage manufacturer founded by the Catalanas in 2008, is not included in the transaction. It will remain independent and wholly owned by the family.
“This acquisition represents a commitment by our farmer-owners to expand our investments in processing and to continue to grow the U.S. dairy industry,” said Rick Smith, president and chief executive officer of DFA. “The Catalanas’ values and passion for the industry align closely with those of our cooperative, and we believe this is a tremendous opportunity to expand upon the foundation of quality products and superior service already in place at Cumberland Dairy.”