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Article: Co-ops scuttle big cheese plant
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- April 12, 2001
- Author:
CopyrightCopyright 2001 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Co-ops scuttle big cheese plant
Land O'Lakes, Alto had money, supply fears
By TOM DAYKIN
of the Journal Sentinel staff
Thursday, April 12, 2001
Plans for a new $200 million cheese processing plant -- the
biggest in Wisconsin -- have been dropped after the prospective
developers were unable to raise financing, officials said Wednesday.
Executives from Waupun-based Alto Dairy Cooperative and Minnesota-
based Land O'Lakes Inc. have decided not to pursue development of the
joint venture plant.
"Neither of us have the amount of money it would take," said Karen
Endres, director of communications for Alto, which posted revenue of
$367 million during its fiscal year that ended June 30.
"In this ...