Though it was announced last month that Dean Foods and the Dairy Farmers of America (DFA) entered into an asset purchase agreement, that has been mutually terminated. The co-op is still in the running but is no longer the ‘stalking horse’ bidder.
Dean Foods Company has announced that it and certain of its subsidiaries have entered into an asset purchase agreement with Dairy Farmers of America (DFA), through which DFA will acquire a substantial portion of Dean Foods’ business operations.
At the International Dairy Foods Association’s (IDFA) Dairy Forum this week, president and CEO Michael Dykes spoke of the challenges facing US dairy, including product innovation, milk bankruptcies and setting the industry up for a sustainable future.
Dean Foods Company has received approvals from the U.S. Bankruptcy Court for the Southern District of Texas for the "First Day" motions related to the company's voluntary Chapter 11 petitions filed on November 12, 2019.
One of the most well-known dairy companies in the US is prepared to sell its business after years of disappointing numbers. The Dairy Farmers of America (DFA) may be a potential buyer of the Dean Foods assets.
The meteoric rise in popularity of Greek yogurt over the last decade has shown that consumers respond well to high-protein dairy snacks. Cottage cheese falls into that category and has been making a mainstream comeback with single serves.
After a disappointing 2018 for Dean Foods, it revealed last month that it was considering a sale. Investment management firm Bernstein has announced that it is “discontinuing coverage of Dean Foods (DF) due to the stock's diminished market cap and...
A disappointing fourth quarter for Dean Foods rounded out an under-performing 2018, causing the dairy giant to explore alternatives in its ‘business transformation.’ It is considering a joint venture, business combination or even a sale.
Dean Foods posted a loss of 28 cents per share, or $26.4m in its third quarter. It also closed and consolidated seven manufacturing facilities within six weeks, racking up ‘significant transitory costs’ that are expected to continue.