NEW JERSEY — The state’s top yogurt producers have signed a $500 million agreement to acquire a controlling stake in a company that makes one of the nation’s most popular yogurt products.
The deal with U.S. Dairy Foods Corp., which makes the Brie and Gorgonzola varieties of yogurts, also includes stakes in Brooklyn’s Brooklyn Bowl and Brooklyn Creamery.
The deal will create the world’s second-largest yogurt producer, and the largest yogurt company in the U.K.
The move is the latest in a string of recent consolidation moves in New Jersey.
The state has been in the process of consolidating its two major yogurt producers since the last round in 2013.
The company is also considering a merger with the New York-based NutraSweet, which makes Nutella.
The New Jersey agreement with UDMF is one of several such deals under consideration by state regulators, including the New Jersey Board of Agriculture, Dairy, and Markets, according to a filing by the state’s attorney general.
UDMFs yogurt has become a hot commodity, with sales of about $500 billion annually.