DFA Named Winning Bidder for Dean Foods Assets
Dean Foods announced Tuesday Dairy Farmers of America as the winning bidder to acquire a substantial portion of Dean Foods' business operations. In a statement, Dean Foods says. "We ran a competitive auction process and are pleased to have reached these agreements." The two previously reached an agreement in February before withdrawing the plan to favor a competitive bidding process. DFA will acquire the assets, rights, interests, and properties relating to 44 of the company’s fluid and frozen facilities for $433 million. In addition, as part of the court-supervised sale process, Dean Foods has designated Prairie Farms Dairy as the winner of the assets, rights, interests, and properties relating to eight additional facilities, two distribution branches and certain other assets for $75 million in cash. 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. Harmoni, Inc. has been designated as the winning bidder for the Uncle Matt’s business.