NORTHLAND CRANBERRIES BUYS 3 MARSHES TOTALING 286 ACRES

WISCONSIN RAPIDS, Wis. -- Northland Cranberries here has reported it has acquired three Wisconsin cranberry marshes totaling 286 cultivated acres.The transaction, which cost $18 million in cash and promissory notes, and 62,500 shares of Northland Class A common stock, includes 1,800 acres of support land, the 1994 crop, buildings, equipment and approximately 150 acres that can be used for future expansion.Northland

WISCONSIN RAPIDS, Wis. -- Northland Cranberries here has reported it has acquired three Wisconsin cranberry marshes totaling 286 cultivated acres.

The transaction, which cost $18 million in cash and promissory notes, and 62,500 shares of Northland Class A common stock, includes 1,800 acres of support land, the 1994 crop, buildings, equipment and approximately 150 acres that can be used for future expansion.

Northland purchased the marshes from the Yellow River Cranberry Co. an

Register to view the full article

TAGS: Center Store