Bankrupt Milk Producer Dean Foods Finds Buyers For ‘Substantially All’ of its Processing Plants

Paul O'Donnell, Dallas Morning News Dairy April 3, 2020

Dallas-based Dean Foods has found buyers for “substantially all” of its milk-processing facilities in a federal bankruptcy court-supervised auction.

Dean Foods on Tuesday named winning bidders for its assets, including Dairy Farmers of America and Prairie Farms Dairy. The auction would bring in more than $530 million, and the bids are subject to U.S. bankruptcy court approval on Friday.

Dairy Farmers of America would acquire 44 of the company’s fluid and frozen facilities for $433 million. That agreement was previously announced and included five Texas plants, in Dallas, McKinney, El Paso, San Antonio and Lubbock.

To read the rest of the story, please go to: Dallas Morning News

Related Articles

Dairy

Stipulation and Agreed Order Requires Dean Foods to Pay 90 Percent of its Post-Bankruptcy USDA Milk Marketing Obligations

USDA AMS Dairy January 22, 2021

On January 15, 2021, the Honorable Chief Judge David R. Jones, of the United States Bankruptcy Court for the Southern District of Texas, signed and entered a Stipulation and Agreed Order (Order) between the U.S. Department of Justice (DOJ), which is serving as legal counsel of record for the United States Department of Agriculture (USDA), and Dean Foods. …