Foster Dairy Farms has received approval to acquire certain assets of bankrupt US ice cream maker Humboldt Creamery.
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Foster Dairy Farms will take control of a processing plant located in Fernbridge, California, as well as Humboldt’s frozen distribution centre in Stockton, California.
The company received formal approval from the bankruptcy judge in Santa Rosa, California, yesterday (13 August). However, the deal still requires the approval of term sheet among the creditor’s committee and Humboldt’s bank lending group.
“The Humboldt Creamery assets are a great complement to our existing business,” Jeff Foster, CEO and president, said. “We look forward to building an integrated business that carries forward our long standing tradition of quality products and excellent service.”
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