Ridley Inc. has acquired manufacturing equipment and certain intellectual property rights of Golden Lyk, LLC, of Morris, Minnesota, and its parent company, Denco, LLC.
The assets are used in the production of compressed feed blocks for livestock.
For Ridley, which is headquartered in Winnipeg and Mankato, Minnesota, the deal will expand its product offering in livestock feed blocks and improve access to customers in the U.S. Midwest.
Ridley will relocate the Golden Lyk manufacturing equipment to its existing block manufacturing facility in Worthington, Minn., which will expand its warehouse and ingredient storage area.
Terms of the transaction were not disclosed.
