Dean Foods says it contests a complaint filed last week by the Department of Justice challenging its April 2009 acquisition of Foremost Farms facilities. The company believes its acquisition of the DePere and Waukesha, Wis., fluid milk-processing plants from Foremost is fully compliant with antitrust laws, and will defend itself vigorously against the complaint.
According to a statement released by Dean Foods, it believes that, from the time of the acquisition almost a year ago this transaction has benefitted Wisconsin dairy farmers by providing a stable and growing outlet for their milk. “In addition, the transaction already has produced important cost savings that will benefit customers and spur competition in and around Wisconsin,” the statement says.
The company says it believes an objective judicial review of the facts will reveal that competition is alive and flourishing in Wisconsin.
Source: Dean Foods