Kemps Takes Over Former Dean Foods Milk Plant in Le Mars
Kemps, the St. Paul, Minnesota-based subsidiary of the Dairy Farmers of America, announced in October that would take over the Dean Foods dairy plant in Le Mars. …
Dean Foods
Stipulation and Agreed Order Requires Dean Foods to Pay 90 Percent of its Post-Bankruptcy USDA Milk Marketing Obligations
On January 15, 2021, the Honorable Chief Judge David R. Jones, of the United States Bankruptcy Court for the Southern District of Texas, signed and entered a Stipulation and Agreed Order (Order) between the U.S. Department of Justice (DOJ), which is serving as legal counsel of record for the United States Department of Agriculture (USDA), and Dean Foods. …
Vegan Flax Milk Brand Buys Back Ownership From Dean Foods
A “significant” but undisclosed investment from early-stage food fund Valor Siren Ventures and existing investor 2x Consumer Products Growth Partners allowed Good Karma to buyout interest from the dairy company, which became a majority stakeholder after multiple investments in the vegan company since 2017. …
KKR, Former Dean Foods CEO Win Auction for Borden Dairy Five Months After Bankruptcy Filing
Dallas-based Borden Dairy, which filed for bankruptcy protection in January, has been scooped up by private equity giant KKR & Co. and an investment firm led by the former CEO of Borden’s biggest rival, Dallas-based Dean Foods. …
Dean Foods Completes Sale of its Miami, Florida Facility to Mana Saves McArthur, LLC
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. …