ARDEN HILLS, Minn. – Land O’Lakes is buying Purina Mills, according to a merger agreement signed June 18.
Land O’Lakes will acquire all of Purina Mills’ stock at a price of $23 per share in cash. Purina Mills will become part of Land O’Lakes Farmland Feed LLC following the acquisition.
The Purina Mills product lines, brands, nationwide dealer network and checkerboard trademark logo will be maintained, according to Land O’Lakes Chief Executive Officer Jack Gherty. The Purina Mills organization will continue to be based in St. Louis, Mo., with its own sales and marketing team.
Purina Mills is not affiliated with Ralston Purina Company, which distributes Purina Dog Chow and Purina Cat Chow brand pet foods.