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Dean Foods, America's LARGEST Milk Processor, is Closing it's Louisville plant- Think 'Land Of Lakes'

Posted By: RumorMail
Date: Thursday, 2-Apr-2020 11:16:40
www.rumormill.news/143541

In Response To: Costco, Home Depot now Limiting number of Customers Permitted in Stores (RumorMail)

Hmmmmm.. I think I might buy a cow.. :-)

Prairie Farms, Meadow Gold and more..

Supposedly this buy out is going to jack up Milk, butter, cheese and ice cream prices..

********************

Food and beverage giant closing Louisville branch, laying off workers

By Marty Finley

Dean Foods Company announced on Tuesday that following a comprehensive sale process and a competitive auction as part of its Chapter 11 process, Dairy Farmers of America (“DFA”) has been named the winning bidder to acquire a substantial portion of Dean Foods’ business operations. Pursuant to the agreement, which is subject to final approval by the Bankruptcy Court, DFA will acquire the assets, rights, interests, and properties relating to 44 of the Company’s fluid and frozen facilities for $433 million.

“We ran a competitive auction process and are pleased to have reached these agreements, which we believe represent the best path forward for our stakeholders,” said Eric Beringause, President and Chief
Executive Officer of Dean Foods. “Dean Foods has strong and long-standing relationships with DFA and
Prairie Farms Dairy.

Dean Foods is a leading food and beverage company and the largest processor and direct-to-store distributor of fresh fluid milk and other dairy and dairy case products in the United States.
Headquartered in Dallas, Texas, the Dean Foods portfolio includes DairyPure®, the country's first and
largest fresh, national white milk brand, and TruMoo®, the leading national flavored milk brand, along
with well-known regional dairy brands such as Alta Dena®, Berkeley Farms®, Country Fresh®, Dean's®,
Friendly's®, Garelick Farms®, LAND O LAKES®* milk and cultured products, Lehigh Valley Dairy Farms®,
Mayfield®, McArthur®, Meadow Gold®, Oak Farms®, PET®**, T.G. Lee®, Tuscan® and more. Dean Foods
also has a joint venture with Organic Valley®, distributing fresh organic products to local retailers. In all,
Dean Foods has more than 50 national, regional and local dairy brands as well as private labels. Dean
Foods also makes and distributes ice cream, cultured products, juices, teas, and bottled water.

https://www.kitv.com/story/41959655/meadow-gold-hawaii-to-close-following-dean-foods-bankruptcy

---------

Dairy Farmers of America wins bid for Dean Foods
Dean and DFA have been accused by farmers in the past of conspiring to monopolize the milk market.

Dairy Farmers of America wins bid for Dean Foods
Dean and DFA have been accused by farmers in the past of conspiring to monopolize the milk market.
By Leah Douglas
4/2/2020
A dairy farm in Iowa.
Photography: Jennifer Carrico

The milk cooperative Dairy Farmers of America has entered into an agreement to buy most of milk processor Dean Foods’ assets as part of the latter’s bankruptcy proceedings. The $433 million deal for 44 of Dean’s facilities was announced Tuesday despite earlier indications that the two parties may have been walking away from a deal. If the merger is approved, DFA will be both the largest milk supplier and the largest milk processor in the country.

“This is a merger that is going to be harmful to consumers and to dairy farmers,” said Peter Carstensen, an emeritus law professor at the University of Wisconsin-Madison and a former antitrust attorney at the Department of Justice. “Consumers in some regions of the country … are very, very likely to face higher prices for milk. The resulting DFA dominance will be quite substantial.”

https://www.agriculture.com/news/business/dairy-farmers-of-america-wins-bid-for-dean-foods





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