DFA named accepted bidder for ‘large portion’ of Dean Foods’ assets
The bid is contingent upon approval by the bankruptcy court, Department of Justice and more.
Kansas City, Kan.-based Dairy Farmers of America (DFA) said Dean Foods Co., Dallas, accepted a revised bid from DFA on March 31 for a “large portion” of Dean Foods’ assets.
Please attribute to Monica Massey, executive vice president and chief of staff, Dairy Farmers of America
“After many months of uncertainty regarding the future of Dean Foods, we are pleased to have been named the accepted bidder for a large portion of Dean’s assets,” said Monica Massey, DFA’s executive vice president and chief of staff. “The more than 13,500 dairy farmers who own our cooperative, and dairy farmers across the country, will now benefit from these milk markets remaining open.
“Throughout this process, our main focus has always been, and continues to be, on maintaining milk markets and limiting disruption to the industry,” she added. “The bid is contingent upon approval by the bankruptcy court and Department of Justice, as well as finalization of collective bargaining agreements with multiple unions. If approved, the purchase of these assets will be critical to our mission of delivering value to our family farm-owners, preserve nearly 12,000 jobs and ensure fresh dairy is available to consumers across the country.”