Dean Foods concludes strategic alternatives review
The company to focus on go-forward strategy under new leadership to enhance long-term shareholder value.
On Sept. 6, Dean Foods Co. said its board of directors concluded its previously announced review of strategic alternatives.
Since February 2019, the board, in consultation with its financial and legal advisors, has been engaged in a comprehensive review of strategic alternatives, including a possible sale of the company. The board determined that the execution of its standalone operating plan under the leadership of Eric Beringause, who was appointed as president and CEO on July 29, 2019, will provide the best opportunity to enhance long-term shareholder value, Dallas-based Dean Foods said.