Franklin Park, Illinois

Dean Foods Completes Sale of its Miami, Florida Facility to Mana Saves McArthur, LLC

Retrieved on: 
Wednesday, May 6, 2020
Retail, Supermarket, Food, Beverage, Food and drink, Dean Foods, Franklin Park, Illinois, Food industry, Companies

Dean Foods today announced that it has completed the previously announced sale of its facility in Miami, Florida to Mana Saves McArthur, LLC for $16.5 million.

Key Points: 
  • Dean Foods today announced that it has completed the previously announced sale of its facility in Miami, Florida to Mana Saves McArthur, LLC for $16.5 million.
  • As a result, Dean Foods has completed all of its previously announced sales.
  • In the coming weeks, Dean Foods intends to file a chapter 11 plan that will govern, among other things, the distribution of sale proceeds and the rights and treatment of all claims against Dean Foods.
  • The Company also previously completed the sale of its Berkeley Farms trademark and related intellectual property to Producers Dairy Foods.

Dean Foods Completes Sale of Assets to Dairy Farmers of America

Retrieved on: 
Saturday, May 2, 2020
Food, Beverage, Retail, Food and drink, Regions of the United States, Food industry, Dean Foods, Franklin Park, Illinois, Dairy Farmers of America, Prairie Farms Dairy

Dean Foods Company (Dean Foods or the Company) today announced that it has completed the previously announced sales of substantially all of its assets, including the sale of the assets, rights, interests and properties relating to 44 of the Companys fluid and frozen facilities to subsidiaries of Dairy Farmers of America (DFA).

Key Points: 
  • Dean Foods Company (Dean Foods or the Company) today announced that it has completed the previously announced sales of substantially all of its assets, including the sale of the assets, rights, interests and properties relating to 44 of the Companys fluid and frozen facilities to subsidiaries of Dairy Farmers of America (DFA).
  • Dean Foods also announced that it has completed the sale of the assets, rights, interests and properties relating to eight facilities, two distribution branches and certain other assets to Prairie Farms Dairy.
  • The Company also completed the sale of its facility in Reno, Nevada and its Berkeley Farms trademark and related intellectual property to Producers Dairy Foods.
  • I also want to thank our entire team for their commitment and dedication to Dean Foods not only over the last several months, but over the past several years.

Dean Foods Completes Sales of its Uncle Matt’s Business and the Majority of the Meadow Gold Hawaii Business

Retrieved on: 
Friday, May 1, 2020
Food, Beverage, Agriculture, Natural Resources, Retail, Supermarket, Food and drink, Food industry, Dean Foods, Franklin Park, Illinois, Organic Valley, Organic food, Food

Dean Foods (Dean Foods or the Company) today announced that it has completed the previously announced sale of the Companys Uncle Matts business to Harmoni, Inc.

Key Points: 
  • Dean Foods (Dean Foods or the Company) today announced that it has completed the previously announced sale of the Companys Uncle Matts business to Harmoni, Inc.
  • These transactions are great outcomes for our Uncle Matts and Meadow Gold Hawaii businesses that will ensure that they can continue to provide the healthy, great tasting products that customers love, said Eric Beringause, President and Chief Executive Officer of Dean Foods.
  • 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.

Teamster Members Vote To Approve Agreements That Facilitate Purchase Of Bankrupt Dean Foods

Retrieved on: 
Thursday, April 23, 2020
Food and drink, Regions of the United States, Dean Foods, Franklin Park, Illinois, Food industry, Dairy Farmers of America, Teamster, Prairie Farms Dairy

The long-troubled and poorly-managed Dean Foods filed for bankruptcy in early November 2019, jeopardizing almost five thousand Teamster jobs at the many regional dairies it had purchased over the years.

Key Points: 
  • The long-troubled and poorly-managed Dean Foods filed for bankruptcy in early November 2019, jeopardizing almost five thousand Teamster jobs at the many regional dairies it had purchased over the years.
  • Two major companies, Dairy Farmers of America (DFA) and Prairie Farms (PF), stepped forward to bid on large portions of the failing Dean production and distribution facilities.
  • As a condition of the purchase, those companies required some modifications to the existing collective bargaining agreements which were approved by Teamster members in a vote count today.
  • Additionally, both agreements maintain existing employee health care plans if they are in a Teamster plan, or mirror the employees' current Dean health care plan.

Dean Foods Announces Asset Purchase Agreement with MGD Acquisition, LLC for the Sale of the Majority of Dean Foods’ Meadow Gold Hawaii Business

Retrieved on: 
Thursday, April 23, 2020
Supermarket, Retail, Restaurant, Bar, Food, Beverage, Food and drink, Dean Foods, Franklin Park, Illinois, Food, Food industry

Dean Foods Company (Dean Foods or the Company) today announced that it has entered into an asset purchase agreement with MGD Acquisition, LLC for the sale of Dean Foods Hilo facility and related distribution branches on the Big Island, Kauai and Maui, as well as a license to the Meadow Gold Hawaii brand name and related intellectual property.

Key Points: 
  • Dean Foods Company (Dean Foods or the Company) today announced that it has entered into an asset purchase agreement with MGD Acquisition, LLC for the sale of Dean Foods Hilo facility and related distribution branches on the Big Island, Kauai and Maui, as well as a license to the Meadow Gold Hawaii brand name and related intellectual property.
  • We are pleased to have reached an agreement with MGD Acquisition that will allow our Meadow Gold Hawaii business to continue to operate and serve customers across Hawaii, said Eric Beringause, President and Chief Executive Officer of Dean Foods.
  • 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 Announces Termination of Agreement in Principle with Industrial Realty Group, LLC for the Sale of Dean Foods’ Meadow Gold Hawaii Business

Retrieved on: 
Tuesday, April 14, 2020
Restaurant, Bar, Food, Beverage, Retail, Supermarket, Convenience store, Food and drink, Dean Foods, Franklin Park, Illinois, Food industry

Dean Foods Company (Dean Foods or the Company) today announced that Industrial Realty Group, LLC has terminated the previously announced agreement in principle to buy Dean Foods Meadow Gold Hawaii operations, including the assets, rights, interests and properties relating to Dean Foods Hilo and Honolulu facilities.

Key Points: 
  • Dean Foods Company (Dean Foods or the Company) today announced that Industrial Realty Group, LLC has terminated the previously announced agreement in principle to buy Dean Foods Meadow Gold Hawaii operations, including the assets, rights, interests and properties relating to Dean Foods Hilo and Honolulu facilities.
  • We are extremely disappointed that we were unable to finalize an agreement for Industrial Realty Group to acquire our Hawaii operations, said Eric Beringause, President and Chief Executive Officer of Dean Foods.
  • That said, we are pleased to have reached an agreement in principle for our Hilo facility and that an interested party intends to continue the plants operations and maintain the Meadow Gold Hawaii brand name.
  • In all, Dean Foods has more than 50 national, regional and local dairy brands as well as private labels.

Dean Foods Receives Court Approval for the Sale of Substantially All of Its Assets

Retrieved on: 
Saturday, April 4, 2020
Retail, Restaurant, Bar, Food, Beverage, Food and drink, Food industry, Companies, Dean Foods, Franklin Park, Illinois, Mondelēz International, Kraft Foods Inc.

The Court also approved Producers Dairy Foods purchase of Dean Foods Reno, Nevada facility for $3.7 million and its purchase of the Berkeley Farms trademark and related intellectual property for $3 million.

Key Points: 
  • The Court also approved Producers Dairy Foods purchase of Dean Foods Reno, Nevada facility for $3.7 million and its purchase of the Berkeley Farms trademark and related intellectual property for $3 million.
  • We appreciate the continued hard work and commitment of our Dean Foods employees throughout this process.
  • In all, Dean Foods has more than 50 national, regional and local dairy brands as well as private labels.
  • Additionally, there can be no assurances that the sales of assets will receive regulatory approval or that any sale will be successfully consummated.

Dean Foods Reaches Agreement in Principle With Industrial Realty Group, LLC for the Sale of Dean Foods’ Meadow Gold Hawaii Business

Retrieved on: 
Wednesday, April 1, 2020
Retail, Supermarket, Food, Beverage, Food and drink, Dean Foods, Franklin Park, Illinois, Food industry, Food and drink, Dean Foods, Franklin Park, Illinois, Food industry

Dean Foods Company (Dean Foods or the Company) today announced that it has reached an agreement in principle under which Industrial Realty Group, LLC will buy Dean Foods Meadow Gold Hawaii operations as an ongoing business.

Key Points: 
  • Dean Foods Company (Dean Foods or the Company) today announced that it has reached an agreement in principle under which Industrial Realty Group, LLC will buy Dean Foods Meadow Gold Hawaii operations as an ongoing business.
  • Pursuant to the agreement, which is subject to final approval by the Bankruptcy Court, Industrial Realty Group will acquire the assets, rights, interests, and properties relating to Dean Foods Hilo and Honolulu facilities.
  • Industrial Realty Group will be partnering with 8 Cow Dairies, a Hawaii-based company, to manage operations.
  • We are pleased to have reached an agreement in principle for our Meadow Gold Hawaii facilities and that Industrial Realty Group intends to continue these facilities on an ongoing basis, said Eric Beringause, President and Chief Executive Officer of Dean Foods.

Dean Foods Announces Dairy Farmers of America as Winning Bidder for Substantially All of Its Assets

Retrieved on: 
Tuesday, March 31, 2020
Professional services, Retail, Legal, Specialty, Finance, Food, Beverage, Food and drink, Food industry, Companies, Dean Foods, Franklin Park, Illinois, Kirin Group, Dairy Farmers of America, Dairy Farmers

Dean Foods Company (Dean Foods or the Company) today announced 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.

Key Points: 
  • Dean Foods Company (Dean Foods or the Company) today announced 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.
  • Dean Foods has designated Mana Saves McArthur, LLC, and Producers Dairy Foods as winning bidders for the sale of the facilities located in Miami, Florida and Reno, Nevada, respectively.
  • Dean Foods has strong and long-standing relationships with DFA and Prairie Farms Dairy.
  • I want to thank all Dean Foods employees for their continued commitment to our customers and our company throughout this process.

Dean Foods Enters Into Asset Purchase Agreement with Dairy Farmers of America

Retrieved on: 
Monday, February 17, 2020
Supermarket, Retail, Other Retail, Food, Beverage, Food and drink, Companies, Kirin Group, Food industry, Dean Foods, Franklin Park, Illinois, Dairy Farmers of America, Dairy Farmers, Borden Dairy Company, TreeHouse Foods

Dean Foods Company (Dean Foods or the Company) today 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.

Key Points: 
  • Dean Foods Company (Dean Foods or the Company) today 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.
  • Bids may be submitted in the form of an asset purchase or a plan of reorganization.
  • 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.
  • In all, Dean Foods has more than 50 national, regional and local dairy brands as well as private labels.