US based dairy firm Prairie Farms Dairy has announced the acquisition of domestic peer SmithFoods. According to sources, the deal is part of Prairie Farms Dairy’s strategy to diversify its product portfolio and expand its market reach. Ohio-based SmithFoods was founded in 1909 and produces dairy based products such as milk, sour cream, cottage cheese, ice cream and custard mixes. Matt McClelland, CEO and EVP of Prairie Farms Dairy, said: …