Dean Foods, a well-known name in the dairy industry, recently announced the final sale of a sizable portion of its operations to Dairy Farmers of America. The assets, which included 44 of the company’s fluid and frozen facilities, sold for $433 million.
According to a press release, the U.S. Bankruptcy Court for the Southern District of Texas—which approved the sale—also approved the sale of the assets, rights, interests, and properties relating to eight additional facilities, two distribution branches, and certain other assets of Prairie Farms Dairy. This sale stood at $75 million. The court also approved the sale of Dean Foods’ facility in Miami, Florida, to another company, Mana Saves McArthur, for $16.5 million. Producer Dairy Foods’ additionally purchased a Reno, Nevada, facility for $3.7 million as well as the Berkeley Farms trademark and related intellectual property for $3 million.
Dean Foods’ Uncle Matt's business was furthermore sold to Harmoni for $7.25 million, and its Meadow Gold Hawaii operations was sold as an ongoing business to Industrial Realty Group for $25.5 million.
Keep reading Deli Market News as we report the latest in acquisitions, sales, and more as they pertain to the dairy industry.