At its recent annual meeting, Dairy Farmers of America (DFA), a national dairy cooperative owned by family farmers, reported its 2021 financial results for the 12-month period ending December 31, 2021.
Nestlé, Constellation Brands, Diageo, Keurig Dr Pepper, New Age Beverages and Pernod Ricard were the most acquisitive companies of 2020, according to the Zenith Global food and drink transactions database, with each responsible for five or more takeovers....
Good Karma Foods, a US producer of plant-based dairy alternatives, has repurchased majority ownership held by Dean Foods, as well as secured new investment from Valor Siren Ventures (VSV).
A majority of Teamsters union members currently working in the dairy industry for Dean Foods Company have voted to approve agreements with Dairy Farmers of America (DFA) and Prairie Farms.
After several months of back and forth following the Dean Foods bankruptcy, the Dairy Farmers of America (DFA) co-op is acquiring a majority of its assets for $433m. Prairie Farms Dairy will also get a portion for $75m.
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.
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.
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.
US food manufacturer Dean Foods Company has increased its ownership percentage and taken a majority stake in Good Karma Foods, the leading brand of flaxseed-based milk and yogurt alternatives.
Dean Foods saw its gross profit drop 8% year-over-year to $1.8bn, driven primarily by a 6% decrease in reported volumes and higher mix of private label products, which the company intends to turn around with an enterprise-wide cost productivity program.
Dean Foods reported a 6.6% decrease in fluid milk sales for Q3/17 compared to last year, causing the company to lower its full-year guidance from $50m to $75m to between $10m and $20m.
Dean Foods is closing one of its fluid milk processing plants, PET Dairy, in Richmond, Virginia, as part of its company-wide plan to consolidate operations.
Dean Foods reported an increase in net sales for Q1 2017 reaching $2bn, up from $1.88bn from the same period last year, but registered a 1.3% decline in total volume production for the quarter.
Dean Foods announced a minority investment and distribution deal with Good Karma Foods, adding resources to expansion plans of the latter, a small Colorado-based independent company that specializes in flaxseed beverages and yogurt.
Atlanta-based Hi-Tech Pharmaceuticals is taking over a former Dean Foods production facility in Belleville, Pennsylvania, and will make a multi-million investment to increase capacity and make improvements to the plant’s infrastructure.
Dean Foods saw an 0.8% decline in fluid milk volume sales during Q4 and a 2.1% decrease for the full-year 2016, mirroring a similar trend reported by the USDA, which showed a 1.25% decline in volumes of fluid milk during the fourth quarter of 2016.
Dean Foods’ decrease in its private label businesses has caused a revenue decline in its second quarter, the company said during its conference call on Monday.
Dean Foods has reported its first quarter 2016 results, ending March 31, 2016, with the takeover of Friendly’s ice cream business proving to be the center of attention at the company’s analysts conference call.
US authorities are reportedly investigating whether former Dean Foods chairman, Tom C Davis, leaked information about the company’s 2012 spin-off of WhiteWave Foods to a professional gambler.
US dairy giant Dean Foods has withdrawn its full-year earnings guidance after fluid milk price volatility in the second quarter left its results looking "rocky."
Dairy Farmers of America (DFA) and its marketing arm Dairy Marketing Services (DMS) have agreed to pay a total of US$50m (€37m) to settle a class action lawsuit that alleged a conspiracy to drive down raw milk prices in the Northeast United States.
Ultra-high temperature processing (UHT) is a “great avenue” for product innovation within the US dairy industry, executives from Dean Foods and HP Hood believe.
A dismissed antitrust lawsuit alleging a “conspiracy not to compete” between Dean Foods, Dairy Farmers of America (DFA) and National Dairy Holdings (NDH) has been reinstated by a US federal appeals court.
Dean Foods has announced plans to close its Springfield, Virginia dairy plant within the next two months - a move which will see the end of its Shenandoah’s Pride brand and eliminate 110 jobs.
US dairy giant Dean Foods has approved the spin-off of a portion of its remaining stake in The WhiteWave Foods Company to its shareholders – a move that will leave the Dallas-based dairy processor with a minority stake in the company.
US dairy giant Dean Foods plans to “accelerate” its existing cost reduction efforts in 2013 in an attempt to minimise the impact of an anticipated decline in private label milk volumes.
US dairy giant Dean Foods has announced plans to close its Oak Farms processing plant in Shreveport, Louisiana later this year – citing the pressures of operating in a “highly competitive marketplace.”
US dairy giant Dean Foods has elected Robert Wiseman, the former managing director of UK dairy processor Robert Wiseman Dairies, to its Board of Directors – through which it hopes to benefit from Wiseman’s “deep dairy experience.”
US dairy giant Dean Foods has reported better-than-expected profit for the last three months of 2012 – a result it has attributed to better “cost control and effective pricing” from its Fresh Dairy Direct business.
The sale of Morningstar to Canadian dairy giant Saputo has enabled Dean Foods to reduce its long-term debt by almost a third, according to the Dallas-based dairy giant.
Saputo has completed its $1.45bn acquisition of Dean Foods’ Morningstar dairy division – a move the Canadian dairy giant hopes will help to expand its US manufacturing and distribution footprint.
Saputo hopes to increase its share of the US dairy market while reducing its reliance on the stagnated Canadian market through its proposed acquisition of Dean Foods’ Morningstar division.
Dean Foods is eyeing further growth to close 2012, after strong third quarter performances from its Fresh Dairy Direct and WhiteWave-Alpro business segments.
