Laura Chenel's Chèvre Sold

The New York Times reports today that Laura Chenel's Chèvre, one of America's first and largest artisanal goat cheese companies, has been sold to a large French conglomerate (the Rians Group). According to Chenel, whose company currently makes 2 million pounds of cheese per year, the sale price was "in the millions." Might this be the start of a new trend, with other small American cheesemakers getting bought by larger multi-national conglomerates? Or perhaps we will see more mergers among small companies so that they can better harness economies of scale? Whatever happens, this almost certainly is a watershed moment.

Link to full article.