Bankrupt Milk Producer Dean Foods Finds Buyers For ‘Substantially All’ of its Processing Plants

Dallas-based Dean Foods has found buyers for “substantially all” of its milk-processing facilities in a federal bankruptcy court-supervised auction.

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

April 1, 2020 Dean Foods

Dean Foods Company 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, Dairy Farmers of America Call off $ 425M Deal

According to documents filed this week with the U.S. Bankruptcy Court in Houston, Dean Foods Company revealed that Dairy Farmers of America is no longer the lead bidder in the upcoming bankruptcy sale.

Court to Decide if DFA is Lead Bidder in Dean Foods’ Bankruptcy Auction

A hearing is scheduled for Thursday on a motion by Dean Foods Co. to have DFA serve as a “stalking horse bidder” for its assets. The stalking horse bidder provides an offer that serves as a floor for bidding in a court-run auction.

Dairy Farmers of America Reaches Agreement with Dean Foods

February 17, 2020 Dairy Farmers of America

Dairy Farmers of America, Inc. (DFA) announced today an agreement has been reached with Dean Foods (Dean) for the farmer-owned Cooperative to become the stalking horse bidder to acquire a substantial portion of Dean’s assets and business.