The Kraft Heinz Co., headquartered in Chicago and Pittsburgh, said it entered into a definitive agreement to sell its natural, grated, cultured and specialty cheese businesses to a U.S. affiliate of the French dairy giant Groupe Lactalis (Buffalo, N.Y.-based Lactalis American Group) for the purchase price of $3.2 billion.

Borden Dairy said it and certain affiliates finalized the approximately $340 million sale of substantially all Borden assets to Capitol Peak Partners and KKR.

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.

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.

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.

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.

The Winkler family of Brothers International Desserts Inc., Irvine, Calif., said it is taking over operations at Schoep’s Ice Cream in Madison, Wis.

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.

The Coca-Cola Co., Atlanta, said it acquired the remaining stake in Fairlife LLC from its joint venture partner Select Milk Producers.