Benzinga | Aug 17, 2021 11:28AM EDT

Kroger Subsidiary Harris Teeter To Sell Hunter Farms Dairy Business For Undisclosed Sum

* Kroger Co's (NYSE:KR) wholly-owned regional grocery chain subsidiary Harris Teeter sells its Hunter Farms dairy processing plant to Maryland & Virginia Milk Producers Cooperative Association Inc for an undisclosed sum.

* Harris Teeter expects the sale to close on August 30, 2021.

* Hunter Farms' ice cream and beverage brands will continue to be featured on Harris Teeter's shelves.

* With nearly 160 full-time associates in its High Point, N.C. facility, Hunter Farms produces, in addition to milk, a variety of frozen dairy treats, juices, culture products, and ice creams.

* Price Action: KR shares are trading higher by 4.33% at $45.32 on the last check Tuesday.