Dairy Farmers of America agrees to buy Dean Foods for $425 million

Dairy Farmers of America agrees to buy Dean Foods for $425 million

Dairy Farmers of America announced Monday that it has agreed to buy Dean Foods, America’s largest milk producer, for $425 million. The deal requires approval of the bankruptcy court and the U.S. Department of Justice. Dean filed for Chapter 11 bankruptcy in November as the business struggled to attract consumers who have instead turned to nondairy milk or private-label products.

Chris
Chris
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