Ridley Inc. acquires feed business of Heartland, Inc.
September 01, 2003
by Emily Buckley
WINNIPEG, MANITOBA, CANADA — Ridley Inc., one of the largest producers of formulated livestock feed in North America, recently announced its Hubbard Feeds Inc. subsidiary is acquiring the assets and business of privately owned Heartland, Inc. in
Bismarck, North Dakota, U.S. Hubbard Feeds and Heartland have been involved in a successful feed marketing joint venture for the past 10 years.
The acquisition includes Heartland’s 50% interest in the joint venture, a feed mill, warehouse and retail farm supplies outlet, as well as grain merchandising and birdseed packaging businesses.
With the purchase, Ridley’s Companion Animal Group will be able to incorporate Heartland’s new packing line and its line of specialty feed products, particularly birdseed, into Ridley’s strategy for expanding its companion animal business and extending its access to new specialty markets and distribution channels.