Capitol Peak assumed majority ownership of the new company, and KKR became a lender and minority equity investor.
July 24, 2020
Borden Dairy said it and certain affiliates finalized the approximately $340 million sale of substantially all Borden assets to Capitol Peak Partners and KKR.
A new, solvent Borden will continue employment for employees and service for customers.
June 26, 2020
Borden Dairy, Dallas, announced the start of a new chapter, with Capitol Peak Partners and its affiliates acquiring substantially all Borden assets following completion of a court-supervised sale process.
The 100,000-square-foot plant in Searcy, Ark., will further expand Turkey Hill’s production capacity, capabilities and geographic reach.
June 3, 2020
Turkey Hill LLC, a Lancaster, Pa.-based manufacturer and distributor of branded ice cream and refrigerated drinks, said it acquired an ice cream and novelty production facility in Searcy, Ark., from Yarnell Ice Cream LLC, a subsidiary of Schulze & Burch Biscuit Co.
The cooperative will pay $433 million to acquire 44 of Dean Foods’ facilities, certain corporate functions.
May 4, 2020
Dairy Farmers of America (DFA), Kansas City, Kan., announced the closing of its transaction to acquire a substantial portion of the assets of Dallas-based Dean Foods Co.
The bid is contingent upon approval by the bankruptcy court, Department of Justice and more.
March 31, 2020
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.
DFA agreed to pay a base purchase price of $425 million — as well as to assume various liabilities, subject to certain adjustments — to acquire 44 of Dean’s facilities and associated direct-store-delivery system, and certain corporate and other assets and functions.
February 17, 2020
Dairy Farmers of America Inc. (DFA) said an agreement has been reached with Dallas-based Dean Foods whereby the Kansas City, Kan.-based farmer-owned cooperative becomes the stalking horse bidder to acquire a “substantial portion” of Dean Foods’ assets and business.
Los Angeles-headquartered Century Park Capital Partners said it completed the sale of The Mochi Ice Cream Co. to Lakeview Capital Inc., Birmingham, Mich.