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.
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While many in the U.S. dairy sector focus on why the nation’s largest milk bottler, Dean Foods, filed for bankruptcy Nov. 12, the smart money—if there is any smart money left after four years of crushingly low milk prices—is focused on what’s next. …
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. …
A hearing is scheduled for Thursday on a motion by Dean Foods Co. to have DFA serve as a “stalking horse bidder” for its assets. The stalking horse bidder provides an offer that serves as a floor for bidding in a court-run auction. …
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