GREEN BAY, Wis.-Level Valley Creamery, based in West Bend, Wis. is the latest substantial operation to be assimilated by Schreiber Foods of Green Bay.

The two companies announced the buyout last month.

"The acquisition gives Schreiber further depth and breadth as a dairy industry leader," said Larry Ferguson, Schreiber's pres./CEO. "The combined strengths of the two organizations will enable us to serve our customers better than ever."

The 107-year-old Level Valley employs more than 225 people at facilities in West Bend and Nashville, Tenn. Those workers process a line of dairy products and ingredients that includes cream cheese, sweetened condensed milk, butter, anhydrous milk fat, and milk powders.

Schreiber will retain Level Valley's Pres./CEO Al Costigan, and his partners Dick Rosenbalm and Bill Koch. Schreiber is one of the largest cheese manufacturers in the United States with annual revenues of more than $2.2 billion. It rose to the No. 5 position in Dairy Foods' Dairy 100™ last year after acquiring cream cheese specialist Raskas Foods of St. Louis. Level Valley's annual sales are estimated at $138 million.