Dean Foods Dfa Purchase Agreement

Dean Foods is a leading food and beverage company and the largest processor and direct distributor of fresh milk and other dairy and dairy products in the United States. The Dallas, Texas headquarters, Dean Foods` portfolio, includes DairyPure®, the country`s first and largest national white milk brand, and TruMoo®, the leading national brand of aromatic milk, as well as well-known regional dairy brands such as Alta Dena®, Berkeley Farms®, Country Fresh®, Dean`s®, Friendly`s®, Garelick Farms®, LAND O LAKES®®®®®, Oak Farms®, PET®, T.G. Lee® , Toskan® and more. Dean Foods also has a joint venture with Organic Valley® which distributes fresh organic produce to local retailers. In total, Dean Foods has more than 50 national, regional and local dairy brands as well as own brands. Dean Foods also manufactures and distributes ice creams, cultivated products, juices, teas and water bottles. Approximately 15,000 employees across the country work every day to make Dean Foods the most admired and trusted supplier of healthy and tasty dairy products at every opportunity. For more information about Dean Foods and its brands, see www.deanfoods.com. According to company information, the entities listed in the DFA sales contract include reflective facilities in 23 states, including Dean Foods` Dean Foods plant in DePere, Wis.

As a result, the proposed agreement is subject to higher or otherwise better bids and the entity is eager to cooperate with its bondholders and other potentially interested parties in their bids. This week, they received a letter from Dairy Farmers of America Inc. (DFA), President and CEO Rick Smith, saying the co-op had reached an agreement to buy Sick Food From Dean Foods. The deadline for potential bidders to submit qualified competing bids for assets covered by the agreement or for assets that are not covered by the agreement is April 13. If there are competing auctions, an auction will be held in April. A sale approval hearing would be held on April 27. The deadline for interested parties to provide information on a potential bidder`s bid to one or all of Stalking Horse`s assets is currently scheduled for March 31, 2020 at 3 p.m. (each time on the central time in power). Offers may take the form of a wealth acquisition or a turnaround plan.

DALLAS–BUSINESS WIRE-Dean Foods Company (“Dean Foods” or “the Company”) announced today that it and some of its subsidiaries have entered into an asset purchase agreement with Dairy Farmers of America (“DFA”), through which DFA will acquire a substantial portion of Dean Foods` business.