Kozy Shack, the Hicksville-based maker of rice pudding and other dessert foods, announced Tuesday that it has agreed to be purchased by Minnesota-based food company Land O'Lakes.
The terms of the deal, including the purchase price, were not made public. The acquisition will be completed on July 31, according to a news release.
Kozy Shack has deep roots on Long Island -- the 45-year-old company started out in Queens in 1967, but moved to Mineola a decade later. The dessert maker then relocated to its current Hicksville location in 1994.
As of last year, the company employed 300 people in its Hicksville plant. Kozy Shack also has plants in California and Ireland. The company has around $185 million per year in sales.
Land O'Lakes chief executive Chris Policinski said the acquisition will allow the company to expand into a new type of dessert.
Photo: A quality control employee tastes a Kozy Shack product at the grading table as he and chief executive Robert Striano sample some of the company’s products that were made the day before. (June 16, 2011)