Parmalat Acquires New York's Sunnydale Farms

Parmalat USA Corporation, the U.S. subsidiary of Italian Parmalat Finanziaria S.p.A., has completed the acquisition of all the outstanding shares of Brooklyn, N.Y.-based Sunnydale Farms, Inc.

Sunnydale Farms is a processor of fresh milk and other dairy products in New York City and the surrounding regions of Long Island, Connecticut, Westchester County and New Jersey.

In 1992 Parmalat purchased Atlanta Dairies, along with other regional milk processors. The company's strategy is to acquire quality regional dairies in the East and Southeast with recognized brand names, strong, existing management teams and excellent distribution, and to enhance those brands through marketing and product expansion.

Jerry Rosen, COO of Sunnydale Farms, who will remain with the company, noted, "In choosing which company to partner with, we were particularly attracted to Parmalat due to its commitment to utilizing technology and new product development to produce the highest quality dairy products."

Parmalat, based in Parma, Italy, is a leading brand for fluid milk and other products under such brand names as Pomi, Parmalat and Santal. The company has over 100 plants operating in 26 countries.