NEW BERN, NORTH CAROLINA - A company that markets milk for 1,600 East Coast dairy farms and owns two milk processing plants bought Maola Milk and Ice Cream Company for an undisclosed price. <br>
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The deal between the Reston, Virgina-based Maryland And Virginia Milk Producers Cooperative and the 68-year-old New Bern dairy company is expected to close January 31. <br>
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Maryland And Virginia Milk owns Red Oak, a milk processing plant being built in Baxley in southeast Georgia. <br>
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A spokeswoman for Maryland And Virginia Milk says no layoffs are expected.
