Friday, March 19, 2021

Dairy Farmers of America makes offer for Dean Foods

Dairy Farmers of America has made a $425 million offer to buy 57 of Dean Foods’ processing facilities out of bankruptcy court.

Investment banking firm Evercore Group said it has received 99 offers for the other plants not covered by the offer from Dairy Farmers of America.

Bidders have until April 13 to file their offers with the bankruptcy court.

Dean Foods of Chicago was one of the largest milk processing companies in North America.