DFA Wins Most of Dean Foods’ Assets

April 1, 2020
The assets of Dean Foods have been allocated in bankruptcy court, with most of them going to Dairy Farmers of America.

The assets of Dean Foods have been allocated in bankruptcy court, with most of them going to Dairy Farmers of America.

DFA will take over 44 of Dean’s processing plants, paying $433 million. Eight additional plants and other properties will go to Prairie Farms Dairy. Individual purchasers will take two more plants, while Dean’s Uncle Matt’s organic juice business will go to Harmoni Inc.

A bid for Dean’s assets was conducted in federal bankruptcy court for the Southern District of Texas. Dean, the largest U.S. processor of fluid milk, filed for bankruptcy in November, done in partly by declining milk consumption.

DFA, America’s largest milk supplier, had been the leading candidate for Dean since the bankruptcy, although its official status as the first bidder was removed in late March. DFA’s original bid was $425 million.

The deal still must pass muster with federal authorities, who reportedly were looking into possible antitrust implications of a Dean-DFA deal.

Sponsored Recommendations

Learn About: Micro Motion™ 4700 Config I/O Coriolis Transmitter

An Advanced Transmitter that Expands Connectivity

Micro Motion™ G-Series Coriolis Flow and Density Meter

Micro Motion G-Series: market-leading compact design featuring advanced process diagnostic capability.

Embracing Sustainability using Advanced Measurement Instrumentation

A practical guide to greeningyour brewing operationsusing advanced measurementinstrumentation.

Get Hands-On Training in Emerson's Interactive Plant Environment

Enhance the training experience and increase retention by training hands-on in Emerson's Interactive Plant Environment. Build skills here so you have them where and when it matters...