Suiza, Dean to sell 11 dairy plants

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

Carrying the stipulation that they must sell 11 dairy processing plants, the U.S. Justice Department on Tuesday approved Suiza Food Corporation’s acquisition of Dean Foods Company. The sale of the plants was needed to resolve antitrust concerns. Without it, the merger would have reduced competition in the markets served by these plants.

Dallas-based Suiza has agreed to buy Dean, based in Franklin Park, Ill., for $1.5 billion. Suiza will assume the Dean name, but keep its headquarters in Dallas, forming a company with about $10 billion in annual sales.

The 11 processing plants will be sold to National Dairy Holdings LP, — a newly formed partnership in which Dairy Farmers of America Inc. owns 50 percent. The plants are located in Alabama, Florida, Indiana, Kentucky, Ohio, South Carolina, Virginia and Utah.

Associated Press



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


8560 4WD Shuttle

Built for Performance. Modern looking 83 hp workhorse with rugged, cast-iron chassis that provides more weight – resulting in more ... Read More

View all Products in this segment

View All Buyers Guides

)
Feedback Form
Leads to Insight