Dean Foods in Asset Purchase Pact With Dairy Farmers of America

(Bloomberg) -- Dean Foods Co. said it has entered an asset purchase agreement with Dairy Farmers of America, through which DFA will acquire a substantial part of its business operations.

The company said Dairy Farmers of America would serve as a proposed stalking-horse bidder in a court-supervised sale process for the assets of Dean Foods.

DFA will acquire 44 of Dean Foods’ fluid and frozen facilities, along with real estate, inventory, equipment and other assets.

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