Milburn, N.J. – Allied Dairy Products, the owner of MCT Dairies, a leading supplier of cheese and dairy ingredients to the food industry, is pleased to announce the acquisition of Trugman-Nash, Inc., in New York. Allied and MCT Dairies will place the assets of Trugman Nash, Inc., into a newly created company, Trugman Nash, LLC. The acquisition will secure the position of MCT Dairies and its affiliates as being among the nation’s top importers of cheese, butter, and dairy ingredients into the United States.
“We are very excited about this acquisition. Trugman-Nash has a reputation of importing only the finest dairy products from Australian manufacturers,” says Ken Meyers, CEO of Allied Dairy Products and MCT Dairies. “Our company’s strong domestic and international business relationships have given us unparalleled purchasing power that allows us to assist our customers in product development, sourcing, purchasing, logistics, and inventory management. The purchase of the Trugman-Nash operations will only strengthen our already solid position.”
MCT Dairies also offers export, import, and hedging services, as well as worldwide market analysis. “We are adept market economists, helping to assure consistent supply and competitive pricing,” says Meyers. The Trugman-Nash acquisition will enhance MCT’s domestic distribution of U.S. dairy products and ingredients as well as its distribution of imported dairy products. “This acquisition is another example of our continued strong commitment to growth and to the U.S. and world dairy industries,” says Meyers. “We believe it will allow us to leverage our strengths as we continue to grow our businesses both through additional acquisitions and organically.”
President of Trugman-Nash Tom May says the sale of his company to MCT Dairies “represents the successful completion of an exit strategy that we have been working on for some time. We are confident that the new Trugman-Nash team will build on the strengths that our company has developed over the 60-plus years of our history. We congratulate MCT/Allied and wish the new team the best of luck in the years ahead.”
MCT Dairies has been sourcing and selling domestic and world market cheese, butter, and other dairy products domestically and internationally since 1983. The Allied Dairy Products family of companies also includes MCT Manufacturing, Inc., Bella Pak, LLC, and Bella Drying, LLC.
These affiliates are based in Appleton Wisconsin and are engaged in the grating, drying, and packaging of cheese and other food products.
Source: MCT Dairies