PORTLAND — Kent-based Smith Brothers Farms has purchased Alpenrose Dairy, an Oregon company known for its Little League fields and Western-style village in Southwest Portland.

The Oregonian/OregonLive reports that the sale was finalized Thursday.

Smith Brothers will take over the assets and the operations of the Portland dairy. Terms of the deal were not disclosed.

Descendants of Alpenrose founder Florian Cadonau retain ownership of the land, including the ball fields, racing tracks and the mock village Dairyville, all of which have long been open to the public and used by community groups. What the family will do with the land and those facilities remains to be seen.

Alpenrose said the public use of the facilities would be unaffected by the sale, and Smith Brothers CEO Dustin Highland said he would join in meetings with community groups invested in their use.