US farmer-owned cooperative Land O’Lakes has acquired premium chilled dessert maker Kozy Shack Enterprises.

The company said the acquisition was a “good strategic fit” that complimented its existing branded dairy business.

Land O’Lakes has been increasing its focus on branded and value-added products as it looks to maximise farmer returns. The group recently announced a merger of its egg operations with Eggland Best and the firm has looked to develop a number of new value-added products.

The acquisition of Kozy Shack increases Land O’Lakes branded portfolio and expands its product line-up. Through the acquisition of Kozy, Land O’Lakes is entering the chilled dessert category for the first time.