A 110-year-old dairy producer in Hayward is shutting operations.
Berkeley Farms was founded in 1910 by French immigrants John and Mary Sabatte and will be closing at the end of April by its parent company Dallas-based Dean Foods, according to KTVU.
Dean Foods purchased Berkeley Farms in 1998. Before the sale, the dairy brand and milk producer was considered the largest independent dairy products company in Northern California.
To read the rest of the story, please go to: SFGATE
As a result, Dean Foods has completed all of its previously announced sales. In the coming weeks, Dean Foods intends to file a chapter 11 plan that will govern, among other things, the distribution of sale proceeds and the rights and treatment of all claims against Dean Foods. …
Shares of Dean Foods Co. plummeted 32% in premarket trading Tuesday, after the milk and dairy products seller reported a wider-than-expected second-quarter loss and sales that rose less than analyst projections, amid volume pressure and an “accelerated decline” in the conventional white milk category. …
Dallas-based Dean Foods posted a larger-than-expected loss in the first quarter of the year, and company executives say they remain “open-minded” about a possible sale of the company. …
© Copyright 2021 | Phoenix Media Network | All Rights Reserved | Terms of Service | Privacy Policy
