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Land O ' Lakes Inc.

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When one thinks of dairy, especially butter, Land O’Lakes Inc. is one of the brands that first comes to mind. Land O’Lakes Inc. is a privately-owned agricultural cooperative that produces one of the largest amount of butter and cheese in America. It was founded in 1921 in St. Paul, Minnesota and focuses on the dairy industry (Land O’Lakes Inc.). In 1997, Land O’Lakes Inc. was the eighth largest dairy cooperative in the United States. Currently, Land O’Lakes Inc. is one of the largest dairy cooperatives and premier agribusiness and food companies in America (Land O’Lakes Inc.). In 1997, Land O’Lakes Inc. expanded into more locations by the merger with Atlantic Dairy Cooperative, which positively impacted the company with strong growth and record earnings the following year. The company has been constantly growing as it has merged and acquired with other companies. On April 1, 1997, the merger with Atlantic Dairy Cooperatives was effective (Wilmes). It was a single discrete event. The merger was good news for the Land O’Lakes Inc. because the company became bigger which led to strong growth and expansion. Land O’Lakes Inc. celebrated this news and the Chief Executive Officer, Jack Gherty discussed about his bright vision for the future because “the merger will allow the company to provide greater long-term value and returns” to customers (Wilmes). Gherty proudly announced the plan to merge with Atlantic Dairy Cooperative in January, 1997. The proposal approval to merge was

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