Dean Foods files for Chapter 11Christian Fernsby ▼ | November 12, 2019
Dean Foods has started voluntary Chapter 11 proceedings and revealed it is in talks to sell up to local peer Dairy Farmers of America.
Bankruptcy Dean Foods
Topics: Dean Foods
The owner of the DairyPure milk brand and TrueMoo flavoured milks posted a net loss of US$327.4m last year based on revenues of $7.8bn. IN 2007, Dean Foods generated $11.8bn in sales.
"The actions... are designed to enable us to continue serving our customers and operating as normal as we work toward the sale of our business," said Chief Executive Eric Beringause. "Despite our best efforts to make our business more agile and cost-efficient, we continue to be impacted by a challenging operating environment marked by continuing declines in consumer milk consumption." ■