The parent company of Kemps, LLC, has agreed to sell the St. Paul-based ice cream, milk, and yogurt maker.
HP Hood, LLC—a Lynnfield, Massachusetts-based company that has owned Kemps since 2004—has entered into an agreement “whereby Dairy Farmers of America (DFA) would become the 100 percent equity owner of Kemps, LLC,” Kemps spokeswoman Rachel Kyllo told Twin Cities Business in an e-mailed statement.
Kyllo declined to provide further details or share the financial terms of the deal, which is subject to regulatory approval, other than to say: “We will be working through the transfer process over the upcoming weeks.”
To read the rest of the story, please go to: Twin Cities Business