Court approves Dean Foods asset sale

State & Regional

(AP GraphicsBank)

NEW YORK (AP) — A bankruptcy court has approved the asset sale of one of the U.S.’s biggest dairy companies, Dean Foods.

Dean got the go-ahead to sell $433 million worth of properties and interests to the Dairy Farmers of America.

Dean Foods applied for bankruptcy protection in November of last year.

Another major milk producer, Borden Dairy Co., filed for bankruptcy protection in January.

The dairy industry has struggled for decades as consumers increasingly shun milk for juice, soda and an array of non-dairy milk substitutes.

Since 1975, the amount of liquid milk consumed per capita in the U.S. has tumbled more than 40%.

(Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Ag News
Market Data provided by Barchart.com
Market Data provided by Barchart.com
Market Data provided by Barchart.com

News Highlights

More News Highlights

Don't Miss

Event Calendar