Industry groups react to Dean Foods’ Chapter 11 announcement
IDFA and DMI point to dairy industry’s strengths.
On Nov. 12, Dean Foods Co. said it and substantially all of its subsidiaries initiated voluntary Chapter 11 reorganization proceedings in the Southern District of Texas. Dairy industry groups, including the Washington, D.C.-based International Dairy Foods Association (IDFA) and Dairy Management Inc. (DMI), Rosemont, Ill., issued statements the same day in reaction to the news.
“In light of today’s news about Dean Foods, IDFA is working across our broad membership to ensure the industry continues to meet growing demand for dairy products,” said Michael Dykes, D.V.M., president and CEO of IDFA. “The fact remains that overall consumption of dairy products is at historic levels and demand for dairy in the United States and around the world increases each year.