Dean Foods, Once Top U.S. Milk Processor, Approved to Liquidate

Dean Foods Co., the former top milk processor in the U.S., will liquidate after getting court approval of its Chapter 11 plan.

The company’s bankruptcy, which included $617 million in asset sales, “saved a lot of jobs and kept important parts of America’s infrastructure in place,” Judge David R. Jones of the U.S. Bankruptcy Court for the Southern District of Texas said Wednesday at a virtual hearing.

Dean Foods processes milk products under brands such as Dean’s, T.G Lee, DairyPure, TruMoo, Friendly’s, Meadow Gold, and Rachel’s Organic, according to the company.

Existing economic challenges, combined with pandemic-related business interruptions, necessitated ...