Land O'Lakes to acquire Kozy Shack

ARDEN HILLS, Minn. — Land O'Lakes announced it has agreed to acquire Kozy Shack.

Kozy Shack, based in New York and founded by Vincent Gruppuso more than 40 years ago, is a "strong strategic fit" for Land O'Lakes and "opens the door for Land O'Lakes to achieve future growth in the attractive dairy dessert category," Land O'Lakes president and CEO Chris Policinski said.

Terms of the acquisition were not disclosed. The transaction is subject to customary closing conditions. The deal is expected to close on July 31.