date:Feb 18, 2020
Dairy Farmers of America (DFA) has agreed to purchase a significant part of Dean Foods for $425m in a stalking horse bid.
It will buy Dean Foods 44 facilities, as well as other assets.
As an agricultural cooperative, DFA represents around 14,000 dairy producers. It has also agreed to assume some liabilities of Dean Foods.
The two companies have been in negotiations since Dean Foods announced it would begin voluntary Chapter 11 reorganisation.
Based in Dallas, Texas, Dean Foods is a major foo