Dean Foods Says Dairy Farmers of America to Buy Assets for $433m

Dean Foods says Dairy Farmers of America named winning bidder to acquire substantial portion of its business operations.

• DFA to acquire assets, rights, interests, and properties relating to 44 of company’s fluid and frozen facilities for $433m
• Dean Foods designated Prairie Farms Dairy as winner of assets, rights, interests, and properties relating to 8 additional facilities, 2 distribution branches and certain other assets for $75m cash
• Mana Saves McArthur and Producers Dairy Foods named winning bidders for sale of facilities located in Miami and Reno, Nevada, respectively
• Harmoni designated winning bidder for Uncle Matt’s business
• Pacts reached following auction conducted ...