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SAINT PAUL PIONEER PRESS SS <br /> 7TH <br /> SECTIO <br /> JANUARY 1997 <br /> 6 PAGE <br /> TUESDAY <br /> BUSINE <br /> INSIDE BUSINESS <br /> COOPERATIVES <br /> V <br /> Land O'Lakes agrees to merger <br /> LEE EGERSTROM STAFF WRITER dairy foods each year, said Terry O'Lakes at a plant near Carlisle, <br /> • Nagle, spokesman for Land Pa. <br /> O'Lakes at its Arden Hills head- At the same time, Atlantic com- <br /> and O'Lakes has agreed to quarters. etes with Land O'Lakes in some <br /> merge witth h one of its largest dairy That would be slightly more East Coast dairy markets. The <br /> cooperative members, Atlantic dairy food sales than reported by merger would bring Atlantic in as <br /> Dairy Cooperative, of ent that the AMPI cooperative based at an integral part of Land O'Lakes, <br /> ton, df in t agreement that San Antonio, Tex., but less than Nagle said. <br /> would form the nation's third larg- the food processing and manufac- g <br /> est dairy food processing compa- the f revenues of and man.uf Land O'Lakes is owned by 3,800 <br /> ny. Dairymen, a Springfield, Mo., co- dairy producers and by 1,000 <br /> Members of Land the merger will operative,and Kraft Foods. member cooperatives in a 19-state <br /> be asked to approve the merger in region,primarily in the Upper <br /> February. Atlantic's members are Atlantic is owned by 3,600 dairy Midwest and Pacific Northwest. <br /> expected to vote on the deal in farmers in the Middle Atlantic re- John Gherty, president and chief <br /> March. gion. It is a cooperative member executive officer, said the merger <br /> Combined, the two companies of Land O'Lakes, which processes would make Land O'Lakes a na- <br /> will process about $2.1 billion in butter and products for Land tional organization. <br /> • <br />