Dean
Foods has walked away from a February deal to sell many of its assets to Dairy
Farmers of America. Dean Foods, which is
going through bankruptcy, had agreed to sell 44 fluid milk and frozen product
facilities, equipment, inventory, real estate, and distribution systems for 425
million dollars. Court documents obtained
by Bloomberg say creditors and the bankruptcy judge were not satisfied with the
deal.
A
spokesperson for Dairy Farmers of America told media DFA still intends to bid
on many of the Dean Foods assets before the March 30th deadline.
Copyright © 2024 Indiana Farm Bureau®, Inc. is a member of the American Farm Bureau Federation®, a national organization of farmers and ranchers including Farm Bureau® organizations in 49 other states and Puerto Rico, and is responsible for Farm Bureau membership and programs within the State of Indiana.