J.D. Heiskell & Co. and Kent Nutrition Group (KNG) finalized an agreement last week for Heiskell to purchase KNG's ownership in their joint venture, Gold Star Feed & Grain LLC, effective March 17.
Gold Star currently operates prior KNG mills located in Adams Center, N.Y.; Augusta, Maine, and Sangerfield, N.Y. This change should not affect Gold Star customers.
"Gold Star Feed & Grain employees are excited about J.D. Heiskell & Co. further committing to the dairy industry in the Northeast by completing the purchase of our company," said Andy Dugan, general manager for Gold Star. "We will continue to adapt the way we do business around our customers' evolving needs here in the Northeast; we know that this focus is key as we strive for continued success here."
KNG will continue to own and operate mills at Arcade, N.Y.; Richford, Vt.; Bow, N.H., and Hagerstown, Md., and will continue to serve dairy customers and Blue Seal dealers out of these mills. KNG will also continue to own and operate retail stores under the Blue Seal brand throughout the Northeast.
"KNG and (Heiskell) have worked well together since we formed the joint venture in fall 2012. Together, we have worked diligently to serve Northeast dairy farmers and expand our offerings," said Ryan Pellett, Heiskell chief executive officer. "Moving to full ownership in Gold Star Feed & Grain should be seamless to customers."
"Our strategy has been and will continue to be on serving our customers and their ever-changing needs in the northeastern U.S. and the greater Midwest regions," KNG president John Thorpe said. "This change does not alter our dedication to the region or to our valued customers; it reinforces our commitment to remain focused on what we do best: serving customers."