As the assets of dairy conglomerate Dean Foods continued to be divided up following the company’s bankruptcy filing, plant-based dairy brand Good Karma announced today that it has repurchased the majority of the company once owned by Dean and also closed a “significant” amount of capital through new strategic partners.
Dairy Farmers of America (DFA) announced today it has agreed to acquire a “substantial portion” of dairy producer Dean Foods’ assets for a base price of $425 million as a stalking horse bidder. According to a press release from Dean Foods, DFA is set to acquire 44 of Dean’s liquid and frozen facilities, including real estate, inventory, equipment, direct store delivery system and other corporate assets.
The dairy producer announced today it will use the bankruptcy process to “protect and support” ongoing business operations and address debt and pension obligations. Dean Foods has secured $850 million in debtor-in-possession financing from existing lenders to support continued operations ahead of an eventual sale.
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Dean Foods Company announced today that it has increased its ownership percentage and taken a majority stake in flax-based dairy brand Good Karma. The investment marks a return to plant-based products for the dairy producer.
Dean Foods Company announced that food and consumer packaged goods industry veteran Jody Macedonio will join the Company as Executive Vice President and Chief Financial Officer effective Feb. 26, 2018.
In a call with BevNET, Uncle Matt’s CEO Matt McLean said that while there were a variety of potential options for both new investment and acquisition of the company, “we fell in love the Dean Foods team and what they could offer."
In November 2016, Organic Valley and Dean Foods announced the formation of a joint venture that will make Organic Valley dairy products available to more Americans. Beginning today, that venture is open for business, making Organic Valley fresh milk (HTST) available soon to more than 140,000 retail locations serviced by Dean Foods’ extensive distribution network.
Saratoga Spring Water Company has filed a petition to cancel the trademarked name of Saratoga Juice Bar claiming that its use of the word “Saratoga” could cause confusion among consumers and damages its water brand.
Mr. Turner is the Principal of JLT Beverages L.P. and the owner and CEO of JLT Automotive Inc
DairyPure is available now in dairy cases at grocery stores nationwide in whole, 2% reduced fat, 1% low fat and skim/fat free milks in gallons, half gallons and quarts.
For the second straight year, TruMoo has released its enormously popular Limited Edition Chocolate Marshmallow milk nationwide. And whether you drink it chilled from the fridge or "Try It Hot," this nutritious and delicious treat – on shelves now – helps make wintertime fun sweeter for the kid in all of us.
Inspired by an orange frozen pop with vanilla ice cream, this new creamy orange milk is so frightfully delicious, it's sure to make you scream.
Dean Foods (NYSE: DF) just made it easier and more delicious to help power up your day and keep you fueled with new TruMoo® Protein Plus milk.